Home sales dropped 3.5% in July, hit 2011 low

Home sales dropped 3.5% in July, hit 2011 low

Fewer people bought previously occupied homes in July marking the third time in four months sales have dropped. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes – far below the 6 million economists say must be sold to sustain a healthy housing market.

Home sales dropped 3.5% in July, hit 2011 low

Fewer people bought previously occupied homes in July marking the third time in four months sales have dropped. Home sales fell 3.5 percent last month to a seasonally adjusted annual rate of 4.67 million homes – far below the 6 million economists say must be sold to sustain a healthy housing market.
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