Sales of previously occupied homes in the United States fell in August, breaking two consecutive months of growth, while prices eased somewhat, according to the National Association of Realtors (NAR). Existing home sales—which include single-family houses, condominiums, and co-ops—fell 2 percent in August, after rising 1.6 percent in June and 2.2 percent in July, according to NAR data. Condo and co-op sales led the decline, falling 2.8 percent, while single-family home sales dropped 1.9 percent. “Although there was a decline in home purchases, potential buyers are out and about searching, but much more measured about their financial limits, and simply waiting for more inventory,” Lawrence Yun, NAR’s chief economist, said in a statement. The median home price fell slightly from $359,500 in July to $356,700 in August, though it remained nearly 15 percent higher than a year ago. The hottest segment was the $250,000–$500,000 price range, with the median home …
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