Financial and Economic News and Comments US & Canada US existing home sales increased a more-than-expected 3.1% m/m in July to a 5 million annual rate, the highest since February, from 4.85 million in June, data from the National Association of Realtors showed. Existing home sales fell 13.2% y/y. Despite the monthly sales increase , home inventories expanded 3.9% m/m in July to a record-high 4.67 million available for sale. Sales increased in the Northeast, Midwest, and... read more
