Existing-Home Sales Ease in August

Existing-home sales eased up in August for the second consecutive month despite mortgage rates near record lows as higher home prices and not enough inventory for sale kept some would-be buyers at bay, according to the National Association of REALTORS®. Only the Northeast region saw a monthly increase in closings in August, where inventory is currently more adequate.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-o