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You are here: Home / Real Estate / Home sales continue decline

Home sales continue decline

October 3, 2022 By Geoffrey Disch Leave a Comment

The National Association of Realtors reported that sales of previously owned homes dropped in August for the seventh straight month.

Whiles sales were down, home prices in 20 U.S. cities declined 0.4 percent in July, the first monthly decline since 2012.

Of course, the uncertain economy and, more important, high mortgage rates which have doubled this year alone are largely responsible for the rapid decrease in home sales.

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Filed Under: Real Estate Tagged With: Declining home sales

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