Sales of Existing Homes Up 1.1%
- Share via
Associated Press
WASHINGTON — Sales of existing single-family homes rose a modest 1.1% in August, pulled up by strong demand in the South, a real estate trade group reported today.
The National Assn. of Realtors said sales of existing homes rose to a seasonally adjusted annual rate of 3.67 million units last month after a 5% decline in July. The increase was attributed to the desire of home buyers to beat rising mortgage rates, which have been inching up since early spring.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
