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The Piney Point

US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb

US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb
Photo: KPRC 2 / Click2Houston (NBC) · view original

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. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98 million units, the Nation...

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