Sales of existing homes rose 2.0% in July, to a 5.99 million seasonally adjusted annual (see top of first chart). Sales are up 1.5% from a year ago. Sales in the market for existing single-family homes, which account for about 88% of total existing-home sales, rose 2.7% in July, coming in at a 5.28 million seasonally adjusted annual rate (see top of first chart). From a year ago, sales are down 0.8%. Condo and co-op sales fell 2.7% for the month, leaving sales at a 710,000 annual rate for the month versus 730,000 in June.
