Business

U.S. Home Sales and Prices Fell in August as Mortgage Rates Rose



U.S. existing-home sales and prices fell in August from the prior month as mortgage rates climbed toward their highest level in 14 years.

Sales of previously owned homes dropped 0.4% in August from July to a seasonally adjusted annual rate of 4.8 million, the weakest rate since May 2020, the National Association of Realtors said Wednesday. August sales fell 19.9% from a year earlier.



Source link

Leave a Reply

Your email address will not be published.