| July Home Sales Dip, but Still 3rd Highest | |
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Associated Press A trade group reports sales of existing homes dipped 2.9 percent in July. But the National Association of Realtors says it was still the third-highest level on record. The group says existing home sales were at a seasonally adjusted annual rate of 6.7 million units last month, down from June's record pace. The July sales pace is 8.5 percent above the level the same time a year ago. Realtors' chief economist David Lereah says sales on are track
for a new annual record this year.
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