The National association or Realtors (NAR) reported existing home sales for June at 5.38 million homes seasonally-adjusted annualized (SAAR). The NAR revised may sales lower to 5.41 million from 5.43 million.

The Econoday consensus was that home sales would rise slightly in June to 5.44 million.

Three-Month Losing Streak

Mortgage News Daily notes Sales Down Despite Increasing Inventory.

Existing home sales extended their losing streak to three months in June. The National Association of Realtors® (NAR) said that single-family homes, townhomes, condominiums, and cooperative apartments sold during the month at an annual rate that was 0.6 percent below that of the previous month and lagged sales in June of last year by 2.2 percent.