Existing-home sales dip 1.7%, housing market struggles despite cheaper mortgages
July 23, 2019 at 10:10 AM EDT
Sales of previously owned homes slipped 1.7% in June, reflecting continued weakness in the U.S. housing market despite a sharp drop in mortgage rates. Existing-home sales sold at a 5.34 million annual pace last month — down 2.2% from a year ago.