Los Angeles — Sales of previously occupied U.S. homes fell in July to the slowest pace since January, as elevated mortgage rates and a stubbornly low inventory of homes on the market combined to discourage many would-be homebuyers. Existing home sales fell 2.2% last month from June to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors said Tuesday. That's below the 4.15 million pace that economists were expecting, according to FactSet. Comparison with Previous Years Sales slumped 16.

https://gvwire.com/2023/08/22/home-sales-slumped-in-july-as-rising-mortgage-rates-and-prices-discouraged-many-would-be-homebuyers/

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