The National Association of Realtors said sales dropped a record 27.2 percent from June to an annual rate of 3.83 million units, the lowest level since May 1995. June’s sales pace was revised down to a 5.26 million-unit pace.
Analysts were expecting housing sales to fall only 12 percent.
Beltway Confidentialfinancial indicatorshousingUS
If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Find out more at www.sfexaminer.com/join/
