Home Sales Dip

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Home Sales Dip

TurboTrading
2022-09-21

Existing home sales take a dip in August as median price growth slows

Existing home sales decreased 0.4% month-over-month in August to a seasonally adjusted annual rate of 4.80 million (Briefing.com consensus 4.70 million) versus an upwardly revised 4.82 million (from 4.81 million) in July. That is the seventh straight month that existing home sales have fallen. Total sales in August were down 19.9% from a year ago.

The key takeaway is higher mortgage rates are taking slowing existing home sales, having created affordability pressures forcing some sellers to lower asking prices. Higher rates are leading to a moderation in the pace of growth in median selling prices.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Nanamoney
·2022-09-22
Good sharing
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Fayt
·2022-09-22
thanks for the comment!thanks for sharing!
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BKT
·2022-09-22
ok
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tong888
·2022-09-22
okie
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erichosk
·2022-09-22
ok
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Jinhan14
·2022-09-22
ok
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BryanChua17
·2022-09-22
🙌🏻
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HAU3
·2022-09-22
hi
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最爱黄霄云
·2022-09-22
哈哈哈
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SanWangtikup
·2022-09-22
Ok
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BoJio
·2022-09-22
K
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ZU888
·2022-09-22
thanks sharing
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LiverpoolRed
·2022-09-21
ok
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jace0777
·2022-09-21
Ok
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HENRYCSC
·2022-09-21
Ok
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mohjoejoejoe
·2022-09-21
ok
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LeonHuang
·2022-09-21
K
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JL28168
·2022-09-21
o
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Llim
·2022-09-21
K
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WooSM
·2022-09-21
Ok
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