U.S. home sales weaken to slowest pace in more than a year

A UNDER contract for home sale sign is seen outside of a home in Niles, Ill. Existing U.S. home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98 million units, the National Association of Realtors said, the third straight monthly decline. /ASSOCIATED PRESS PHOTO/NAM Y. HUH

Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Existing home sales fell 2% last month from July to a seasonally adjusted annual rate of 3.98 million units, the National Association of Realtors said Thursday. This

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