Existing Home Sales Slip in June
Existing home sales fell by 1.2 percent in June to a seasonally adjusted annual rate of 5.08 million, the National Association of Realtors said yesterday. The decline was due in part to rising interest rates and rising home prices, analysts said. Overall existing home sales are 15.2 percent higher than a year ago and the median price, which rose to $214,200, is 13.5 percent higher than a year ago.
--ABA Daily Newsbytes
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