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Existing home sales stall in August amid higher mortgage rates
CNBC·2025-09-25 21:49

A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Sales of previously owned homes were essentially flat in August, coming in 4 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. That is a 0.2% drop from July and an increase of 1.8% from August of last year. Sales were strongest in the Midwest and weakest in the Northeast.This count is based on closings, so people signing their deals in June and July, when ...