US home sales slowest in more than a year as mortgage rates and prices climb
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. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98m units, the National Association of Realtors said on Thursday. This is the third straight monthly decline.
The Guardian
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Signal breakdown
CurrentWire ranked this story 68 of 100 in the snapshot this page was rendered from.
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- 32 of 35
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- 14 of 20
- Coverage breadth
- 4 of 20
- Geographic relevance
- 10 of 10
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- Velocity
- 0 of 5
Strongest signal: geographic relevance, 10 of 10. How each signal is calculated.
Filed under Business · United States · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: Housing (4).
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