August brought a bit of a stumble to the housing market, with sales of previously owned homes sliding by 2.5% from July. The rate of the pace dropped to an annual rate of 3.86 million units— a bit lower than what was expected. Compared to last year’s numbers, sales are down by 4.2%, and it’s now in three consecutive months figures are staying below the 4 million mark. NAR: Existing-Home Sales Decreased to 3.86 million SAAR in August; Median House Prices Increased 3.1% Year-over-Year https://t.co/cS4SfUtYK0 This was the thirty-sixth consecutive month with sales down year-over-year. pic.twitter.com/l8jJNSC77f — Bill McBride (@calculatedrisk)…
Saturday, January 4
