Monthly archive for August 2018

For the fourth consecutive month, existing-home sales dipped in July to their slowest pace in more than two years, according to newly released data from the National Association of Realtors® (NAR). Existing-home sales are defined by the NAR as completed residential real estate transactions that include single-family homes, townhomes, condominiums and co-ops. According to July’s data, total existing-home sales decreased 0.7 percent to a seasonally-adjusted annual rate of 5.34 million last month from 5.38 million in June. Factoring in the latest figures, existing-home sales are now 1.5 percent lower than they were a year ago and have fallen on an annual