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U.S. Home Sales Surprise Fall in August
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the supply of properties on the market kept rising.
August home sales drop more than expected as prices set a record
Tight supply is keeping the pressure on prices. The median price of an existing home sold in August was $416,700, up 3.1% from the same month in 2023. That is the highest price ever for August.
U.S. Home Sales Surprise Fall in August Despite Easing Mortgage Rates
Sales decreased 2.5% month on month to a 3.86 million according to a report from the National Association of Realtors
Statistics Canada, retail sales
Canadian retail sales beat July estimates, seen up further in August
Canadian retail sales grew by 0.9% in July from June, led by higher sales at motor vehicle and parts dealers, while sales likely climbed further in August, data from Statistics Canada showed on Friday.
Canada Retail Sales on Pace for Third Quarter Rebound
Canadian retail sales likely rose sharply in August after a solid July gain, indicating a strong rebound after two consecutive quarters of shrinking sales.
Retail sales up 0.9% in July: StatsCan
Statistics Canada says retail sales rose 0.9 per cent to $66.4 billion in July, helped by stronger new car sales. The agency says sales were higher in seven of the nine subsectors it tracks.
17m
South Florida resi sales, dollar volume drop in August
South Florida’s residential market slumped in August, with sales and dollar volume dropping across the tri-county region.
Finance & Commerce
1d
Home sales fell in August despite easing rates, greater supply of homes
LOS ANGELES —
Sales
of previously occupied U.S. homes fell in
August
to the slowest annual pace in nearly a year even as ...
1d
Metro Phoenix home sales fall and prices flat in August. Forecast for September?
Metro Phoenix’s median home price was flat at $440,000 last month compared to July. But it’s up from $435,000 a year ago.
7h
Retailers sales rise in August boosted by summer discounts and warmer weather
Sales volumes rose by 1.2% in the three months to August 2024, when compared with the three months to May 2024 ...
International
4h
Home Sales in America Downtick Further in August
In August 2024, existing-home sales dropped, according to the National Association of Realtors (NAR) latest data. Three out ...
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