July home sales rise as prices approach inflection point

by anastasiakaufman-chime-me

Published Thu, Aug 21 202510:00 AM EDTUpdated 3 Hours Ago

By:Diana Olick

A "For Sale" sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025. The Trump administration is considering selling shares of Fannie Mae and Freddie Mac in an offering that could start as early as this year, according to senior administration officials. Photographer: Al Drago/Bloomberg via Getty Images

A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025.Al Drago | Bloomberg | Getty Images

Sales of previously owned homes rose 2% in July compared with June to 4.01 million units, on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts had been expecting a slight decline. Sales were 0.8% higher than July 2024.

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