Home sales in August fell to lowest level in over a year
On an annualised basis, sales were unchanged in the South and declined in the Northeast, Midwest and West."Mortgage rates and home sales move in opposite directions, so it's not surprising to see a mild dip in home buying activity due to high mortgage rates,” said NAR Chief Economist Lawrence Yun."…
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02:17:27 PM UTC
SquawkNews
U.S. August Existing Home Sales Decrease Is Inside 10-Year Historical WSJ Forecasting Range
02:22:10 PM UTC
SquawkNews
US existing home sales decreases by 2pc in August
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