Existing-home sales fell in July, prices rose year-over-year The National Association of Realtors reported on Tuesday that  sales of existing homes fell in July by 2.2% nationwide, down 16.6% year-over-year. Sales were down from 12 months prior in all four regions, only in the West did sales increase in July. 'Two factors are driving current sales activity – inventory availability and mortgage rates. Unfortunately, both have been unfavorable to buyers,' said NAR Chief Economist Lawrence Yun. Meanwhile, the median sale price for all types of homes, $406,700, increased 1.

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