Realtors® Housing Minute: An Animated Review of Market Activity in August

News provided by

National Association of Realtors

Sep 28, 2017, 14:43 ET

WASHINGTON, Sept. 28, 2017 /PRNewswire/ -- Ongoing supply and affordability challenges and Hurricane Harvey's impact on sales activity in the Houston area led to a decline in existing-home sales and contract signings in August.

Visit https://www.nar.realtor/videos/housing-minute to watch a 53-second, animated video from the National Association of Realtors® summarizing how the housing market performed in August, as well as a look at the key findings from NAR and American Student Assistance's joint study on millennial student debt and homeownership.

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Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace.
Existing-home sales and contract signings both stumbled in July as stubbornly low levels hampered the housing market and kept home prices rising at a robust pace.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.nar.realtor. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.

SOURCE National Association of Realtors

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