US July existing home sales 3.95m vs 3.93m expected ...Middle East

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US July existing home sales 3.95m vs 3.93m expected
Prior was 3.93mSales +1.3% vs -5.4% prior (breaks a four-month losing streak)Sales -2.5% y/yInventory 4.0 vs 4.1 months priorMedian prices $422,600 vs $426,900 priorPrices up 4.2% y/yFull reportSupply is up 18% year over year."Despite the modest gain, home sales are still sluggish," said NAR Chief Economist Lawrence Yun. "But consumers are definitely seeing more choices, and affordability is improving due to lower interest rates." This article was written by Adam Button at www.forexlive.com.

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