U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline, as higher prices and a limited supply of listings have sidelined many would-be buyers. The National Association of Realtors said Monday that homes sold last month at a seasonally adjusted annual pace of 5.38 million. Sam Khater, chief economist at mortgage buyer Freddie Mac, said the lack of meaningful pay raises could weigh on the housing market. …read more
Source:: Yahoo Finance
