“Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with increasing inventory is a powerful combination that will provide the environment for sales to move higher in future months,” said Lawrence Yun, the NAR's chief economist.
U.S. home sales drop in August despite easing mortgage rates, more homes on the market
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“I thought that we would actually see a recovery this spring -- we are not seeing it," said Lawrence Yun, the NAR’s chief economist.
U.S. home sales fall for third straight month in May amid rising mortgage rates, record-high prices
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