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Home sales fall to lowest level since Oct. 2023
Home sales fall to lowest level since October 2023
American home sales fell to the lowest level since October 2023, as home buyers held back in the face of high mortgage rates and record-high home prices. Sales of previously-owned homes fell 2.5% to an annual rate of 3.
Home Sales Fall to Lowest Level in Almost a Year. A Turning Point Is Coming.
Home sales remained down in the dumps in August—but there’s reason to believe they could perk up soon. Previously owned homes were sold at a seasonally adjusted annual rate of 3.86 million in August,
August home sales drop more than expected as prices set a record
Tight supply is keeping the pressure on prices. The median price of an existing home sold in August was $416,700, up 3.1% from the same month in 2023. That is the highest price ever for August.
18h
Bummer! Existing-home sales flop, but relief could be on the way
Federal Reserve’s interest rate cut on Wednesday, which was larger than some people expected, couldn’t have come at a better ...
1d
on MSN
Home buyers are holding their breath for rate cuts as existing home sales plunge to lowest since the pandemic
Existing home sales fell 1% in August from July, reaching their lowest level since the pandemic, according to a report from ...
16h
on MSN
U.S. Home Sales Slipped in August Despite Falling Mortgage Rates
Sales of previously owned homes fell 2.5% from the prior month, as a recent drop in mortgage rates failed to offset home ...
1h
Central Indiana sees higher pending home sales in August, as Fed rate cut boosts demand
Lower interest rates mean cheaper monthly payments, but they also entail more competition. Here's what experts in central ...
20h
on MSN
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
Finance & Commerce
1d
Home sales fell in August despite easing rates, greater supply of homes
LOS ANGELES —
Sales
of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as ...
21h
Metro Phoenix home sales fall and prices flat in August. Forecast for September?
Metro Phoenix’s median home price was flat at $440,000 last month compared to July. But it’s up from $435,000 a year ago.
10h
How Minneapolis is pushing to build more housing as home sales drop
The number of home sales have dropped, sending prices to a record high. But a plan in Minnesota, known as Minneapolis 2040, ...
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