Existing Home Sales Slump (Again) In August, Supply Hits 10 Year High
Existing home sales tumbled for the 3rd straight month in August, falling 2.0% MoM, sparking its biggest annual decline since January… This implied an annualized rate of 3.98 million in August, marking one of only two times since the fall of 2024 that sales have dipped below 4 million… “Mortgage rates and home sales move in …
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