US Existing Home Sales Fall Amid Ongoing Affordability Crunch

Existing home sales in the US fell 2.2% last month, data released on Tuesday showed. July's 4.07 million pace was below estimates. The range of forecasts from nearly five-dozen people who make guesses for a living (bless their hearts) was 4 million to 4.22 million. The decline came on the heels of an unrevised 3.3% drop in June and marked an extension of a virtually uninterrupted streak. Sales have fallen pretty much every month since early last year. This is the same story over and over a