Sales of previously owned homes were flat in June, according to The National Association of Realtors. Existing-home sales declined 0.8 percent, despite sales gains in the Midwest and South. Lawrence Yun, NAR’s chief economist, said home sales had been trending upward but a variety of issues are weighing on the market. Still, the national median existing-home price for all housing types was $184,300 in June, which is 0.8 percent above last year. The percentage of distressed-home sales dropped from 31 percent in May to 30 percent in June. More here.
