- 4-Week # shares sold: 2,000
- 12-Week # shares sold: 4,000
- 24-Week # shares sold: 15,000
Existing-home sales dropped 3.2% in July to an annual rate of 5.39 million units, with the median price rising 5.3% from a year ago to $244,100.
Is this the time to get contrarian? Housing starts grew respectably in July, but the rate is slowing, says Ralph McLaughlin, chief economist at real-estate listing site Trulia.com.