You are here


Sales of existing homes down more than forecast in August

Some Americans unable to take advantage of low interest rates and relocate after a recovery in property values


SALES of previously owned US homes fell more than forecast in August, representing a pause in momentum this year for residential real estate.

Closings, which usually take place a month or two after a contract is signed, declined 4.8 per cent to a 5.31 million annual rate...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to