U.S. existing home sales fall less than expected in August

Home sales dropped 20% in August from a year ago

Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market.

Home sales dropped 20% nationwide in August from a year ago

(CNN) — Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market.Sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — were down 19.9% from a year ago and down 0.4% from July, according to a report from the National Association of Realtors.Sales in August were at their weakest level since May 2020, which…

Home sales dropped 20% in August from a year ago

The average rate on a 30-year fixed-rate mortgage reached 6% last week, the highest it has been since 2008 and roughly double what it was a year ago.

Home sales dropped 20% in August from a year ago

The average rate on a 30-year fixed-rate mortgage reached 6% last week, the highest it has been since 2008 and roughly double what it was a year ago.

Home sales dropped 20% in August from a year ago

The average rate on a 30-year fixed-rate mortgage reached 6% last week, the highest it has been since 2008 and roughly double what it was a year ago.

Home sales dropped 20% in August from a year ago

The average rate on a 30-year fixed-rate mortgage reached 6% last week, the highest it has been since 2008 and roughly double what it was a year ago.