U.S. Home Sales and Prices Fell in August as Mortgage Rates Rose

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Updated Sept. 21, 2022 3:17 pm ET The U.S. housing market slowed for a seventh straight month in August, the longest stretch of declining sales since 2007, as higher mortgage rates continued to undercut buyer demand. Home sales look poised to decline further in the coming months, economists say, as mortgage rates recently topped 6% for the first time since 2008, when the U.S. was in a recession....

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