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U.S. home sales fell in August, hitting the slowest pace in nearly a year, despite lower mortgage rates and more homes on the market. According to the National Association of Realtors (NAR), existing home sales dropped by 2.5% from July to a seasonally adjusted annual rate of 3.86 million. This marks a 4.2% decline compared to August 2022. The drop was sharper than expected, with economists predicting an annual rate of 3.9 million, according to FactSet. Meanwhile, home prices continued their upward march, marking the 14th consecutive month of year-over-year…