Economic Buzz: US existing home sales slide to 14 month low

The US existing-home sales decreased by 2.0% month-over-month and 1.2% year-over-year, according to the National Association of REALTORS Existing-Home Sales report. The report provides the real estate ecosystem?including agents, homebuyers and sellers?with data on the level of home sales, price, and inventory. The existing home sales dropped to a 14-month low in August amid rising mortgage rates.

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