That’s the slowest annual sales pace since October 2010 when the housing market was still in a deep slump following the late-2000s real estate crash. Sales fell 3.5% compared with September last year. The latest home sales were short of the 3.9 million ...

US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale

Sales of previously occupied U.S. homes slowed in September to the weakest annual pace in nearly 14 years even as mortgage rates eased and the supply of properties on the market continued to climb.

U.S. existing home sales dropped to a 14-year low in September, likely as prospective buyers held out for lower mortgage rates, with house prices remaining elevated. Home sales fell 1.0% last month to a seasonally adjusted annual rate of 3.