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EconomyUS existing-home sales fall 1.7% in July as prices and mortgage rates deter buyers

Sales of previously occupied homes in the United States slowed again in July, declining 1.7%. Record-high prices and mortgage rates at their highest level in more than a year have become an insurmountable obstacle for many prospective buyers. The figures point to continued pressure on demand in the housing market.

US economyhousing markethome salesmortgage rates

TThe Associated Press★★★☆☆2026-08-11 15:45Original

US existing-home sales fall 1.7% in July as prices and mortgage rates deter buyers
US existing-home sales fall 1.7% in July as prices and mortgage rates deter buyersEconomy