Sales of previously occupied U.S. homes fell in June for the fourth straight month as elevated mortgage rates and record-high prices kept many would-be homebuyers on the sidelines
FILE - A sign announcing the availability of a home is displayed in Rolling Meadows, Ill., June 10, 2024. On Tuesday, July 23, 2024, the National Association of Realtors reports on existing home sales for June. The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices.
Existing home sales were also down 5.4% compared with June of last year. The latest sales came in below the 3.99 million annual pace economists were expecting, according to FactSet.
Mortgages U.S. News General News Article 112195031
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