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Aug. home sales drop more than expected
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.
US existing home sales drop in August; supply improves
U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply.
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 prices that remain near record highs.
15h
on MSN
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 ...
13h
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 ...
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 ...
5h
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, ...
15h
Home sales slumped in August. But they’re poised to soar after the Fed finally cut interest rates
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
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