Sales of Existing Homes Slump in August Despite Lower Mortgage Rates
Total existing-home sales dropped 2.5% from July, to a seasonally adjusted annual rate of 3.86 million in August, the National Association of Realtors® reported on Thursday. The August sales figure, which excludes new construction, represented a 4.2% drop from one year ago and the lowest number for August since 2010.
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
A lack of inventory had been a notable headwind, with many would-be sellers unwilling to put their homes on the market and ...
LOS ANGELES — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as ...
Mortgage rates have made a noticeable decline from peaks in the high-7% range last fall, and the housing market is abuzz in the wake of this week’s Federal Reserve benchmark rate cut. Are buyers and ...
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