US Existing Home Sales Decline in August Amid Rising Mortgage Rates
TL;DR Summary
Existing home sales in August remained flat amid rising mortgage rates, with higher-end homes performing better than affordable ones. Supply decreased slightly, helping keep prices up, while homes stayed on the market longer. The Midwest showed stronger activity, and overall market conditions remain constrained by limited inventory and high mortgage costs.
- Existing home sales stall in August amid higher mortgage rates CNBC
- US Existing-Home Sales Edge Down as High Costs Stymie Buyers Bloomberg.com
- Summer 2025 was strongest homebuyer’s market in over a decade NewsNation
- Housing Supply Drops Most in 2 Years as Sluggish Demand Spooks Sellers Redfin
- US existing home sales dip in August Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
88%
438 → 51 words
Want the full story? Read the original article
Read on CNBC