Existing home sales fell to the slowest monthly pace in at least two years, with the Northeast seeing the biggest decline. The West, however, saw an increase.

In July, the ownership of pre-owned residential properties change hands on 522,000 units. Sales included single-family homes, townhomes, condominiums and co-operatives.

Including last month’s activity, existing home sales that were consummated between Jan. 1, 2018, and the end of July amounted to 3.153 million transactions.

Source: Mortgage Daily