US Existing-Home Sales Fall To Seven-Month Low On Rates, Supply

Existing home sales fall for fifth month as supply crunch worsens

U.S. existing home sales continued to slide in August as a combination of steep mortgage rates and a worsening supply shortage squeezed would-be homebuyers.  Sales of previously owned homes fell 0.7% in August from the previous month to an annual rate of 4.04 million units, according to new data released Thursday by the National Association of Realtors (NAR). On an annual basis, existing home sales are down 15.3% when compared with August 2022. …

US Existing-Home Sales Fall To Seven-Month Low On Rates, Supply

Sales of previously owned US homes declined in August to the lowest since the start of the year, restrained by limited inventory and historically high mortgage rates.

U.S. existing-home sales fall to seven-month low on rates, supply

Sales of previously owned U.S. homes declined in August to the lowest since the start of the year, restrained by limited inventory and historically high mortgage rates.