Existing home sales in the U.S. unexpectedly pulled back sharply in the month of June, according to a report released by the National Association of Realtors on Thursday.
NAR said existing home sales tumbled by 2.4 percent to an annual rate of 4.09 million in June after surging by 3.7 percent to an upwardly revised rate of 4.19 million in May.
Economists had expected existing home sales to increase by 0.7 percent to an annual rate of 4.20 million from the 4.17 million originally reported for the previous month.
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