US DATA: more on existing home sales. In addition to July existing
home sales +2.3% to SAAR 4.47 mln, the NAR says there was no revision to
June, and that sales were up in three of the four geographic regions
with the West showing no change. Inventory level was 2.40 mln units
avail for sale in July or 6.4 months at the current rate of sales. The
median price was $187,300, +9.4% from a year earlier. As in recent
months, sales of houses priced $100k or less actually declined. Chief
econ Yun said housing still underperforming related to the economic
fundamentals currently.