Existing home sales in the U.S. slumped by much more than expected in the month of July, according to a report released by the National Association of Realtors on Tuesday.
NAR said existing home sales tumbled by 2.2 percent to an annual rate of 4.07 million in July after plunging by 3.3 percent to an annual rate of 4.16 million in June. Economists had expected existing home sales to edge down to an annual rate of 4.15 million.
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