Homebuyers continue to struggle amid higher mortgage rates and lofty home prices.
Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. The sales activity marked the slowest pace since June 2025 and was felt hardest in the Northeast and Midwest.
Sales were down 1.2% year over year.
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