FHFA

Sales of previously owned homes dropped in August by 4.80 percent on an annual basis for the first time in four months; the dip was likely caused by rising home prices. August sales were reported at a rate of 5.31 million; July’s rate was 5.58 million sales of previously owned homes.'

Housing markets show continued signs of strengthening according to recently released reports. The National Association of Realtors® reported that sales of pre-owned homes rose 20.7% from May to an annual rate of 4.72 million in June.'