While the annual rate of pre-owned home sales moved up on a year-over-year basis, a second consecutive month-over-month decline was recorded.
The sale of 541,000 existing U.S. houses was completed during August, more than the downwardly revised 513,000 homes sold the previous month.
The increase in pre-owned home sales was even more significant when compared to the same month in 2015, a month that saw 504,000 properties sold.
…read more
From:: Financing