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

Summary by Ground News

U.S. existing home sales dropped for the seventh straight month in August as affordability deteriorated further amid surging mortgage rates and stubbornly high house prices, though the pace of decline moderated from prior months.

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

7 days ago·Washington, United States

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Reuters

U.S. home sales drop for 7th straight month, house price growth cooling

U.S. existing home sales dropped for a seventh straight month in August as affordability deteriorated further amid surging mortgage rates and stubbornly high house prices, though the pace of decline moderated from prior months.

7 days ago·United Kingdom

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abc News

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

7 days ago·United States

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CNN

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.

7 days ago·Atlanta, United States

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Associated Press News

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising prices made homebuying less affordable, further cooling the once red-hot housing market.

7 days ago·United States

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CNBC

Existing home sales fall in August, and prices soften significantly

Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors.

7 days ago·United States

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The Washington Post

US home sales slipped, prices grew more slowly in August

Sales of previously occupied U.S. homes slowed in August for the seventh month in a row, as sharply higher mortgage rates and rising home prices made homebuying less affordable

7 days ago·Washington, United States

Read Full Article