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Sales, August and Mortgage Rates
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
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.
Existing home sales drop to 10-month low, but boost could be coming
Three of the four regions recorded month-to-month gains in home sales; the Midwest was the exception, as sales held steady there. Sales decreased on an annual basis in every region except the Northeast, where they matched last year’s levels.
International
4h
Home Sales in America Downtick Further in August
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out ...
2h
Canadian retail sales beat July estimates, seen up further in August
Canadian retail sales grew by 0.9% in July from June, led by higher sales at motor vehicle and parts dealers, while sales ...
Sierra Sun Times
43m
National Association of REALTORS® Reports Existing-August 2024 Home Sales Dipped 4.2% Year-Over-Year
Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – ...
23m
South Florida resi sales, dollar volume drop in August
South Florida’s residential market slumped in August, with sales and dollar volume dropping across the tri-county region.
2h
on MSN
Canada July retail sales up 0.9% on autos; seen up 0.5% in August
Canadian retail sales grew by 0.9% in July from June at C$66.38 billion ($48.95 billion), led by higher sales at motor ...
1d
Metro Phoenix home sales fall and prices flat in August. Forecast for September?
Metro Phoenix’s median home price was flat at $440,000 last month compared to July. But it’s up from $435,000 a year ago.
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