Sales of Existing Homes in U.S. Unexpectedly Dropped in June

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An 'open house' sign stands outside a townhouse complex in Arcadia,... News PhotoArcadia - California,California,Civilian,Finance,Horizontal,House,Model Home,North America,Sales Occupation,The Americas,Townhouse,USAPhotographer Collection: Bloomberg 2013 BloombergAn 'open house' sign stands outside a townhouse complex in Arcadia, California, U.S., on Sunday, July 21, 2013. Sales of previously owned houses unexpectedly dropped in June, hurt by a lack of supply and rising mortgage rates that may slow the rebound in the U.S. real-estate market. Photographer: Jonathan Alcorn/Bloomberg via Getty Images