July existing-home sales slower but strong, NAR reports
WASHINGTON-- The market for existing single-family home sales eased in July while remaining near historic highs, according to the National Association of Realtors.
Existing-home sales slowed 3 percent to a seasonally adjusted annual rate of 5.17 million units in July from a pace of 5.33 million units in June. Last month's sales activity was 7.3 percent above the 4.82-million unit pace in July 2000.