Existing-home sales fall 2% in August to 3.98 million
Existing-home sales dropped 2% in August to a seasonally adjusted annual rate of 3.98 million, the National Association of Realtors said. The report cited rising mortgage rates hurting already-slow demand.
98 million, the slowest pace in more than a year, according to the National Association of Realtors. The trade group said rising mortgage rates weighed on already-weak demand.