Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.

Reuters

United Kingdom

U.S. existing home sales fall in August; inventory declines

Existing home sales fell 2% to a seasonally adjusted 5.88 million units in August from a month earlier, according to the National Association of Realtors (NAR). July sales were revised slightly upward to 6 million units.

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Existing home sales fall in August

U.S. home sales fell in August as supply remained tight and prices accelerated further, the latest indication that the loss of the momentum in the housing market persisted through the third quarter.

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Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines. 

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Independent Media

Existing US home sales fell in August, price growth slowed

Sales of previously occupied U.S. homes fell in August and the pace of price growth eased, the latest sign the housing market is cooling as intense competition leave many would-be buyers on the sidelines

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Existing US home sales fell in August, price growth slows

The housing market is beginning to look a little more normal.

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Atlanta

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Home sales have slowed, but prices are still ludicrous

The share of first-time buyers fell to just 19% of all sales, the lowest since January 2019.

CNBC

Roberts family

Existing home sales fall 2% as first-time buyers are priced out

By ALEX VEIGA
AP Business WriterSales of previously occupied U.S. homes fell in August and the pace of price growth eased, the latest sign the housing market is cooling as intense competition leave many would-be buyers on the sidelines. The National Association of Realtors said Wednesday that existing homes sales fell 2% last month from July to a seasonally-adjusted annual rate of 5.88 million units. Sales fell 1.5% from August last year. Home p…

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Panama City

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Existing home sales fell in August following two consecutive months of increases, while once-soaring prices eased, according to a new report from the National Association

The Hill

Nexstar Media Group

Washington

District of Columbia

Existing home sales drop, prices ease

Sales of US existing homes fell in August for the first time in three months as the ongoing supply shortage and high prices kept buyers away from the market, according to industry data released Wednesday.
Sales dropped two percent last month to an annual rate of 5.88 million, seasonally adjusted, the National Association of Realtors (NAR) reported, which was slightly higher than analysts forecast.

IBTimes

IBT Media

US Existing Home Sales Fall As Supply Tightens

Sales of previously occupied U.S. homes fell in August and prices that have been soaring eased, the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the…

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Home sales dropped in August, both from July and from a year ago. But sales are still above the pre-pandemic rate, says NAR chief economist. The median home price in August was $356,700, up 14.9% from last year. In August, 87% of homes sold were on the market for less than a month.

Existing US home sales fell in August, price growth slowed

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