US Real Estate Industry Cautiously Optimistic About Fall Market

Both sales and inventory of existing homes saw slight monthly declines in August.
US Real Estate Industry Cautiously Optimistic About Fall Market
A single-family home is listed for $550,000, in Dallas, Texas. Courtesy of Ebby Halliday Realtors
Mary Prenon
Mary Prenon
Freelance Reporter
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Despite a slight 0.2 percent dip in national home sales in August, real estate professionals nationwide remain cautiously optimistic about the fall market, which officially began on Sept. 22.

In its September existing home sales report, published Sept. 25, the National Association of Realtors (NAR) described the August slip as a seasonally adjusted rate and noted that year over year, the U.S. housing market has experienced a 1.8 percent increase in sales.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.