Existing home sales in the U.S. showed a notable increase in the month of July, according to a report released by the National Association of Realtors on Wednesday, although sales still came in slightly below economist estimates.
NAR said existing home sales rose 2.3 percent to an annual rate of 4.47 million in July from 4.37 million in June. Economists had been expecting existing home sales to climb to an annual rate of 4.50 million.
The slightly smaller than expected increase in existing home sales in July came on the heels of a 5.4 percent decrease in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.