Reported Earlier: Zillow Announces August Sales Drop 0.6% YoY
Home sales slipped 0.6% year over year in August and fell sharply from July, according to the Zillow® August Market Report. Mortgage rates holding above 6.5% — their highest level in a year — kept many buyers on the
Fewer people bought homes in August compared to last year, partly because borrowing money for a house got more expensive. When house-buying slows down, it tells us people are being careful with their money, so companies selling homes or mortgages might face tougher times ahead.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.