Existing-home sales fell for a sixth straight month in July as higher interest rates pushed buyers to the sidelines and the supply of homes remained tight.
Sales of previously owned homes slid 5.9% in July from the prior month to a seasonally adjusted annual rate of 4.81 million, the weakest rate since November 2015, not counting the pandemic-related drop in 2020, the National Association of Realtors said Thursday. July sales fell 20.2% from a year earlier.
