US home sales fell again in July as housing slowdown deepens

By ALEX VEIGA
AP Business Writer

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slowed for the sixth consecutive month in July, deepening the housing market’s slowdown from a high-flying pace at the start of this year.  The National Association of Realtors said Thursday that existing home sales fell 5.9% last month from June to a seasonally adjusted annual rate of 4.81 million. That’s lower than what economists were expecting, according to FactSet.  Sales fell 20.2% from July last year. Sales have now fallen to the slowest pace since May 2020, near the start of the pandemic. The national median home price jumped 10.8% in July from a year earlier to $403,800.