WASHINGTON — Americans bought fewer existing homes in September than the previous month, held back by higher mortgage rates and rising prices, analysts said.
The National Association of Realtors said Monday that sales of re-sold homes fell 1.9 percent last month to a seasonally adjusted annual rate of 5.29 million. That’s down from a pace of 5.39 million in August, which was revised lower.
Even so, the sales pace in August equaled July’s pace, and both were the highest in four years and are consistent with a healthy market.
Read tomorrow's Arkansas Democrat-Gazette for full details.