-
Existing US Home Sales Fell in August, Price Growth Slows | Business News
By ALEX VEIGA, AP Company Author Gross sales of earlier occupied U.S. households fell in August and selling prices that have been soaring eased, the hottest indicator the housing market place is cooling as intense competitors leaves many would-be customers on the sidelines. Present homes profits fell 2{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} last month from July to a seasonally-adjusted once-a-year level of 5.88 million units, the National Association of Realtors reported Wednesday. That is slightly extra than the 5.87 million economists had been anticipating, in accordance to FactSet. Income fell 1.5{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} from August last yr. As of very last month, income ended up operating 16{3e92bdb61ecc35f2999ee2a63f1e687c788772421b16b0136989bbb6b4e89b73} bigger this yr than in the exact same stretch…