WASHINGTON — U.S. home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy. Hurricane Florence dragged sales in North Carolina, but even excluding the storm’s effects, sales would have fallen more than 2 per cent, the NAR said. The highest-priced homes are also reporting slower sales, a shift from earlier this year, when sales slowdowns were concentrated in mid-priced and cheaper homes. There are also signs that home owners are increasingly unwilling to sell as mortgage rates rise. ——This story has been corrected to show that year-over-year sales fell 0.5 per cent in the South, instead of 5.4 per cent.

Source: National Post October 19, 2018 14:03 UTC