Housing Sales Dip Slightly ; High Prices, Rising Mortgage Rates Cited in Cooling
The Record, Bergen County, NJ › August 24, 2005
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Summary
WASHINGTON - Sales of previously owned homes fell in July as some house hunters were put off by galloping prices, but the pace of sales was still the third-highest ever, suggesting the red-hot market isn't cooling much.
The latest snapshot of activity in the housing market released by the National Association of Realtors on Tuesday showed that July sales of existing homes - including single-family homes, town houses and condominiums - totaled 7.16 million units at a seasonally adjusted annual rate.See the full content of this document
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Housing Sales Dip Slightly ; High Prices, Rising Mortgage Rates Cited in Cooling
That represented a 2.6 percent decline from June's record-high pace of 7.35 million units.
Soaring home prices and, to a lesser extent, ...See the full content of this document
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