U.S. Existing Home Sales Unexpectedly Fall 1.2%

U.S. Existing Home Sales Unexpectedly Fall 1.2% Play

July 22 (Bloomberg) -- Bloomberg Economics editor Michael McKee reports that sales of previously owned houses fell to a 5.08 percent annualized rate in June, as a lack of supply and rising mortgage rates may slow the recovery in the U.S. real-estate market. He speaks on Bloomberg Television's "Market Makers."

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