Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing.
Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. The National Association of Realtors said Thursday that existing home sales fell 2% last month from July to a seasonally a…
Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year. Michael McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Housing market has been stymied by borrowing costs, as Iran war pushed mortgage rates higher Sales of previously occupied US homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices.
