Existing home sales ticked up a bit in July, breaking a four-month losing streak as mortgage rates declined.
Existing home sales in July rose 1.3% to a seasonally adjusted annual rate of 3.95 million, the National Association of Realtors reported on Thursday. That is a bit more than economists had expected, although it does not go too far in clawing back the housing market declines in recent months. Home sales are still down 2.5% compared to a year ago.
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