Home United States USA — Financial Existing home sales fall for 5th month as supply crunch worsens

Existing home sales fall for 5th month as supply crunch worsens

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(FOX BUSINESS) – U.S. existing home sales continued to slide in August as a combination of steep mortgage rates and a worsening supply shortage squeezed would-be homebuyers. Sales of previously owned homes fell 0.7% in August from the previous month to an annual rate of 4.04 million units, according to new data released Thursday by…
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