US Existing Home Sales Drop to 14-Month Low Amid High Rates
US existing home sales fell to their weakest pace in over a year in August, driven by climbing mortgage rates and high prices. This decline occurred despite inventory levels reaching a seven-year high.
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US existing home sales drop to 14-month low in August - Reuters
US existing home sales drop to 14-month low in August Reuters
Read full article →Existing Home Sales Fall to Weakest in More Than a Year
Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year. Michael McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Read full article →US home sales weaken to slowest pace in more than a year as mortgage rates and prices climb
Housing market has been stymied by borrowing costs, as mortgage rates marched higher amid war between the US and Iran Sales of previously occupied US homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98m units, the National Association of Realtors said Thursday. This is the third straight monthly decline. Cont...
By Associated Press
Read full article →Home sales fall in August despite the highest supply in over a decade
Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.
Read full article →US existing home sales hit weakest pace in over a year
Sales of previously owned homes in the United States slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2 per cent to an annualised rate of 3.98 million in August, data released on Thursday by the National Association of Realtors showed. Last month marked one of only two times since the autumn of 2024 that sales have dipped below 4 million. The disappointing figures reflect a housing...
By Bloomberg
Read full article →Home sales are the lowest they’ve been all year even though inventory is at a 7-year high
Home sales sank to the lowest level in 14 months, but the lack of demand pushed up the number of homes for sale up to nearly a 7-year high.
By Aarthi Swaminathan
Read full article →Existing home sales fall slightly less than expected in August
Read full article →Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High
Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High Existing home sales tumbled for the 3rd straight month in August, falling 2.0% MoM, sparking its biggest annual decline since January... This implied an annualized rate of 3.98 million in August, marking one of only two times since the fall of 2024 that sales have dipped below 4 million... “Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buying ...
By Tyler Durden
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