BusinessNews brief
US home sales weaken to slowest pace in more than a year as mortgage rates and prices climb
Housing market has been stymied by borrowing costs, as mortgage rates marched higher amid war between the US and Iran Sales of previously occupied US homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98m units, the National Association of Realtors said Thursday. This is the third straight monthly decline.
Sources and context
The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-09-11. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.