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The San Antonio

US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers
Photo: KSAT 12 (ABC affiliate) · view original

Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers. Existing home sales fell 1.7% last month from June to a seasonally adjusted annual rate of 4.06 million unit...

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