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Home sales fell again in August, declining 13% year-over-year, according to research from Pacific Union International. With home sales continuing to decline in August, total home sales are down 9% for the year, according to the report. This year, the housing supply is also decreases, down 11% year-over-year in August—the largest drop in months. In addition to the supply shortage of for-sale housing, affordability issues also contributed to the decline in sales volume.

Kelsi Maree Borland

GlobeSt

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