Sales of US existing homes slip slightly in August

Sales of US existing homes slip slightly in August …C0NTINUE READING HERE >>>

US existing home sales slipped 2.5 percent in August from July, according to industry data.
Photo: Patrick T. Fallon / AFP/File
Source: AFP

Sales of previously owned US homes fell in August, according to industry data released Thursday, but lower mortgage rates and growing supply were likely to boost the industry.

Existing home sales dropped 2.5 percent last month from July to an annual rate of 3.86 million, seasonally adjusted, said the National Association of Realtors (NAR).

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