---
title: Home Sales Decline in June, Perplexing Industry Economists
description: Existing home sales declined 2.2% compared to the same period a year ago, while prices declined for the first time since 2012 in major metro areas on the West Coast.
---

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# [Home Sales Decline in June, Perplexing Industry Economists](https://www.nationalinvestornetwork.com/financials/home-sales-decline-in-june-perplexing-industry-economists)

 Written by [Jeff Mindham](https://www.nationalinvestornetwork.com/financials/author/jeff-mindham) | Jul 24, 2019 11:52:17 PM

Existing home sales declined 2.2% compared to the same period a year ago, while actual home prices declined for the first time since 2012 in major metro areas on the West Coast. With unemployment at a 50-year low and mortgage rates considerably lower than they were just a year ago, many economists are puzzled at the [sales volume decline.](https://www.wsj.com/articles/u-s-existing-home-sales-decreased-1-7-in-june-11563890555)

Lawrence Yun, the National Association of Realtor’s chief economist said, “It doesn’t make economic sense”

[View full post](https://www.nationalinvestornetwork.com/financials/home-sales-decline-in-june-perplexing-industry-economists)

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