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"Going forward, the pace of existing home sales is turning and mortgage rates are shrinking. This annual growth rate chart will be turning higher very soon," said Brian Loftus, HARDI’s macroeconomic and residential market analyst. ....
Given the context, including a month with one less billing day than September 2022, sales seem to be treading water at an elevated level, said Brian Loftus, HARDI’s macroeconomic and residential market analyst ....
Based on data from HARDI members participating in the monthly survey, sales were up by 4.5% in August. Sales growth for the previous 12 months, through August 2023, was 5.7%. ....