Published November 30, 2015
SALES FALL: Sales of previously occupied homes fell in June for a third straight month to a seasonally adjusted annual rate of 4.77 million homes, the National Association of Realtors said Wednesday.
WORST PACE: This year's pace is lagging behind the 4.91 million homes sold last year — the fewest since 1997. In a healthy economy, Americans buy roughly 6 million homes per year.
BIG PROBLEMS: Fewer first-time homebuyers can't get a loan or meet tighter lending requirements. A growing number of contracts are being canceled before sales are final. And the hiring slowdown is making people think twice about adding extra debt.
https://www.foxnews.com/us/summary-box-home-sales-fell-in-june-for-3rd-month