U.S. Home Sales Fall in August to the Lowest Level Since January
David Paul Morris/Bloomberg via Getty ImagesThe numbers: U.S. home sales in August fell to the lowest level since January 2023.A low number of home listings and high interest rates brought down sales of previously owned homes, which fell by 0.7% to an annual rate of 4.04 million in August, the Natio
Fla.’s Aug. Housing Market: Median Prices Rise
Single-family median price up 2% ($415K) YOY, condo median price up 6.2% ($324K). Chief Economist O’Connor: Mortgage interest rates continue to be “dominant factor.”
Mortgage Rates Rise to 7.19%, Close to 2023 High
“Homebuyers waiting for mortgage rates to come down should expect no major relief until next year,” says Lisa Sturtevant, chief economist for Bright MLS.
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