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The Wall Street Journal

U.S. Residence Gross sales and Costs Fell in August as Mortgage Charges Rose

U.S. existing-home gross sales and costs fell in August from the prior month as mortgage charges climbed towards their highest stage in 14 years.

Gross sales of beforehand owned houses dropped 0.4% in August from July to a seasonally adjusted annual price of 4.8 million, the weakest price since Might 2020, the Nationwide Affiliation of Realtors mentioned Wednesday. August gross sales fell 19.9% from a 12 months earlier.

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