Reported about 2 months ago
Existing home sales modestly rose by 1.3% in July, halting a four-month decline, as lower mortgage rates provided buyers with more choices and improved affordability. However, year-over-year sales of existing homes dipped 2.5%, with median prices climbing 4.2% to $422,600, marking a 13-month streak of rising prices. Despite increased activity, the housing market remains challenged by limited inventory and high prices.
Source: YAHOO