Single family home sales

Home Sales Drop 27 Percent in July, Slowing Recovery

Another setback for the "Recovery Summer." Sales of previously owned houses dropped by 27.2 percent in July compared to June, taking the market for single-family homes to its lowest level in 15 years. Sales of single-family abodes -- the bulk of the market -- were at their lowest level since 1995, according to the National Association of Realtors, which conducts the monthly survey. Allowing for seasonal adjustments, sales of townhomes, condominiums, co-ops and single-family units amounted to 3.83 million last month, the worst showing since 1999. "We obviously saw the numbers," White House ...

Add Comment

SHARE