Oops! Existing Home Sales Fall

June decline surprises economists
Just how safe are the housing waters? Photograph by Tobias Regell/Gallery Stock

Just when you thought it was safe to go back into the water, a fin appears offshore. The National Association of Realtors reported Thursday that sales of previously owned homes fell 5.4 percent in June to an eight-month low, interrupting a string of favorable reports on the housing market.

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