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Pending home sales sank in August for the fifth time in six months, and slower activity in the areas hit hard by Hurricanes Harvey and Irma will likely pull existing sales for the year below the pace set in 2016.
Existing-homes sales have retreated in four of the past five months, but new survey findings from the National Association of Realtors® indicate it is not because of a lack of confidence from consumers about buying and selling a home, or based on their views about the direction of the economy and their finances.
Existing-home sales stumbled in August for the fourth time in five months as strained supply levels continue to subdue overall activity.
Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying.
Realtors® are pleased with the Senate's approval of Pam Patenaude as deputy secretary at the Department of Housing and Urban Development.