FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even asExisting home sales fell 2.5% last month, from July, to a seasonally adjusted annual rate of 3.86 million, the National Association of Realtors said Thursday.
Home prices increased on an annual basis for the 14th consecutive month. The national median sales price rose 3.1% from a year earlier to $416,700. Home shoppers had a larger selection of homes to chose from last month. All told, there were about 1.35 million unsold homes at the end of August, up 0.7% from July and 22.7% from August last year, NAR said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
Source: wjxt4 - 🏆 246. / 63 Read more »
US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
Source: ksatnews - 🏆 442. / 53 Read more »
US home sales fell in August despite easing mortgage rates, more homes on the marketSales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising. The National Association of Realtors said Thursday that home sales fell 2.5% last month, from July, to a seasonally adjusted annual rate of 3.86 million.
Source: AP - 🏆 728. / 51 Read more »