According to a newly released report compiled by the National Association of Realtors, sales of existing homes in the U.S. fell in August for the seventh month in a row.
Sales were down 0.4% compared to the month before, and sales of existing homes were down almost 20% from the same time last year.
The organization blames escalating mortgage rates for the continued softness in the sector.
Read this story now for free
To continue reading, sign up for our newsletter and get unlimited access to WABE.org
You can select your preferences for news and local content. We will never share your email address. Learn how your newsletter sign-up will support WABE and Public Media