Existing home sales slide to weakest in more than a year

Educational

BREAKING — National Mortgage News reports that existing home sales have fallen to their weakest pace in more than a year, with contract closings dropping 2 percent to an annualized rate of 3.98 million in August, according to data released Thursday by the National Association of Realtors. The decline marks a continued cooling in the resale market as affordability constraints and elevated interest rates keep many prospective buyers on the sidelines.

For investors and self-employed borrowers watching this shift, the landscape creates a different set of calculations. Tighter resale inventory and slower conventional movement can open pockets of opportunity for those positioned to move quickly or structure financing outside standard income documentation. loantrust.ai operates directly in this space, offering DSCR loans that qualify based on property cash flow rather than personal income, bank-statement programs for self-employed borrowers, and bridge and fix-and-flip financing for investors who need speed and flexibility. Each file is packaged by one licensed MLO, not routed through a call center, which means the structure of the loan is built around the specifics of the deal from the start.

In a market where traditional purchase volume is retreating, the advantage goes to borrowers who can access capital aligned with how they actually earn and invest. A dedicated partner rather than a transactional call center becomes more than a preference when timing and program fit determine whether a property becomes an asset or a missed connection.