The National Association of Realtors (NAR) informs MHProNews that sales of existing homes fell 1.8 percent across the country as investors continue to leave the market, making more homes available for individuals to finance. The South and the West, the two largest markets, both saw declines, offsetting the gains in the Midwest and Northeast, according to housingwire.com. Including single-family homes, condos, townhomes and co-ops, total sales fell to a seasonally adjusted annual rate of 5.05 million in August, a drop from the downwardly-revised 5.14 million in July. The pace is 5.3 percent below the Aug. 2013 rate of 5.33 million, which was the second highest month for last year. ##

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