US Home Sales Tanking: Industry Leaders Weigh in on What’s Next

US Home Sales Tanking: Industry Leaders Weigh in on What’s Next
A single family home on Long Island, NY listed at $999,999. Courtesy of Douglas Elliman Real Estate
Mary Prenon
Updated:
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For the third straight month, pending U.S. home sales have plunged, the National Association of Realtors (NAR) recently reported. At the end of August, three out of four major regions experienced month-over-month declines in real estate transactions, with only the West seeing a slight gain.

Year-over-year, all four regions indicated double-digit year-over-year decreases.

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.
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