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5.8

US existing home sales fall to weakest pace in over a year

US existing home sales dropped 2% to a 3.98 million annualized rate in August, the weakest since mid-2025, as high mortgage rates deter buyers. The data signals continued housing market weakness, which may weigh on consumer spending and broader growth. The Federal Reserve's rate path remains key to a potential rebound.

South China Morning Postabout 15 hours agoUSengCredibility 30%View source

Score Breakdown

Mosaic Score5.8
Confidence0.9
Significance0.5
Source credibility0.3

Intelligence Tags

#housing#mortgage-rates#federal-reserve#consumer-spending#economic-data

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