Existing-Home Sales Fell in August

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U.S. existing location income and prices fell successful August from the anterior period arsenic owe rates climbed toward their highest level successful 14 years.

Sales of antecedently owned homes dropped 0.4% successful August from July to a seasonally adjusted yearly complaint of 4.8 million, the weakest complaint since May 2020, the National Association of Realtors said Wednesday. August income fell 19.9% from a twelvemonth earlier.

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