NAR Chief Economist Lawrence Yun-Home Sales for July 2016 slipped 3.2 percent.

Market Trend

NAR Chief Economist Lawrence Yun-Home Sales for July 2016 slipped 3.2 percent.

Existing-home sales for July 2016 slipped 3.2 percent as inventory shortages in many parts of the country continued to affect buyer choices and put upward pressure on prices. NAR Chief Economist Lawrence Yun released the figures on August 24.