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[ Wed, Apr 30th 2025 ]: Fortune
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[ Wed, Apr 30th 2025 ]: CNN
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[ Wed, Apr 30th 2025 ]: WGME
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[ Wed, Apr 30th 2025 ]: WGAL
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[ Wed, Apr 30th 2025 ]: PBS
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[ Wed, Apr 30th 2025 ]: KITV
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[ Tue, Apr 29th 2025 ]: Newsweek
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[ Tue, Apr 29th 2025 ]: WAFF
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[ Tue, Apr 29th 2025 ]: Fortune
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[ Mon, Apr 28th 2025 ]: NewsNation
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[ Mon, Apr 28th 2025 ]: wjla
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[ Mon, Apr 28th 2025 ]: WAVY
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[ Mon, Apr 28th 2025 ]: Newsweek
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Sun, April 27, 2025
[ Sun, Apr 27th 2025 ]: Fortune
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[ Sat, Apr 26th 2025 ]: MLive
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[ Fri, Apr 25th 2025 ]: WHIO
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[ Fri, Apr 25th 2025 ]: WPXI
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[ Fri, Apr 25th 2025 ]: PBS
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[ Fri, Apr 25th 2025 ]: Fortune
Current mortgage rates report for April 24, 2025: Rates keep mostly stable
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[ Thu, Apr 24th 2025 ]: KUTV
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[ Thu, Apr 24th 2025 ]: WJZY
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[ Thu, Apr 24th 2025 ]: WHIO
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[ Thu, Apr 24th 2025 ]: WGME
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[ Thu, Apr 24th 2025 ]: KITV
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[ Thu, Apr 24th 2025 ]: news4sanantonio
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[ Thu, Apr 24th 2025 ]: BBC
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[ Thu, Apr 24th 2025 ]: Fortune
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[ Wed, Apr 23rd 2025 ]: fox6now
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[ Wed, Apr 23rd 2025 ]: KIRO
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[ Wed, Apr 23rd 2025 ]: ThePrint
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[ Wed, Apr 23rd 2025 ]: Fortune
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[ Wed, Apr 23rd 2025 ]: KITV
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[ Wed, Apr 23rd 2025 ]: WHIO
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[ Tue, Apr 22nd 2025 ]: ThePrint
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[ Tue, Apr 22nd 2025 ]: Fortune
Current mortgage rates report for April 22, 2025: .. ates hold steady, slightly down from recent highs
[ Tue, Apr 22nd 2025 ]: Patch
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[ Mon, Apr 21st 2025 ]: Vogue
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[ Mon, Apr 21st 2025 ]: Fortune
Current mortgage rates report for April 11, 2025: Interest rates continue their rapid rise
[ Mon, Apr 21st 2025 ]: NewsNation
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[ Mon, Apr 21st 2025 ]: WFTV
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[ Mon, Apr 21st 2025 ]: wjla
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[ Mon, Apr 21st 2025 ]: WYFF
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[ Mon, Apr 21st 2025 ]: ThePrint
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[ Mon, Apr 21st 2025 ]: PBS
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Sun, April 20, 2025
[ Sun, Apr 20th 2025 ]: Fortune
Current mortgage rates report for April 16, 2025: Rates take a small dip after rapid increase
[ Sun, Apr 20th 2025 ]: KITV
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[ Sun, Apr 20th 2025 ]: PBS
NJ Spotlight News | Housing market adjustment due to interest rates, inventory | Season 2022

Existing-home sales retreat, prices keep rising

Existing-home sales are sliding amid record-high prices.
In August, existing home sales in the U.S. experienced a decline, dropping by 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to the National Association of Realtors. This figure represents a 15.3% decrease compared to August of the previous year, marking the slowest sales pace since January 2023. High mortgage rates, which have been above 7% since early August, have significantly impacted affordability, deterring potential buyers. The median existing-home price for the month was $407,100, a slight increase of 3.9% from the previous year. Regionally, sales decreased in the Northeast and Midwest but saw slight increases in the South and West. Despite the sales slump, the inventory of unsold existing homes rose by 14.1% from the previous August, totaling 1.1 million homes at the end of August, which represents a 3.3-month supply at the current sales pace.

Read the Full wgme Article at:
[ https://wgme.com/money/mortgages/existing-home-sales ]