21:01Enid News & EagleWorld

U.S. Home Sales Fall to Slowest Pace in Over a Year

U.S. sales of previously occupied homes fell in August to their slowest annual pace in over a year amid rising mortgage rates and prices. The decline marks the third straight monthly drop.

Automatically summarised by AI from Enid News & Eagle

Sales of previously occupied U.S. homes fell in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices.

According to the National Association of Realtors on Thursday, existing home sales dropped 2% last month from July to a seasonally adjusted annual rate of 3.98 million units.

The decline recorded in August represents the third straight monthly decrease in home sales.

World · Enid News & Eagle · Published 21:01 · 10 Sept 2026

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