Home sales ‘disappointing again’ — but Fed rate cut could be silver lining for buyers
US existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply. Home sales fell 2.5% last month to a seasonally adjusted annual rate of 3.86 million units, the National Association of Realtors said Thursday. Economists polled by Reuters had forecast home resales falling to a rate of 3.90 million units. 3Home sales fell 2.5% last … Read more