Key Takeaway
Housing market has been stymied by borrowing costs, as Iran war pushed mortgage rates higherSales 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…
Published September 10, 2026 · Category: News
Overview
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.
Details
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.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "US home sales slowest in more than a year as mortgage rates and prices climb" about?+
Housing market has been stymied by borrowing costs, as Iran war pushed mortgage rates higherSales 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. Continue reading...
Who reported this story?+
This story was reported by The Guardian World.