July Existing Home Sales: -3.5% to an eight-month-low 4.67M vs. 4.87M expected, 4.84M prior...

|By:, SA News Editor
July Existing Home Sales: -3.5% to an eight-month-low 4.67M vs. 4.87M expected, 4.84M prior (revised). Inventory of unsold homes -1.7% to 3.65M; months supply 9.4. Median sales price -4.4% Y/Y to $174,000. "Many buyers are being held back because banks are offering financing to only the most highly qualified borrowers," NAR's Lawrence Yun says.