U.S. existing home sales declined by 1.7% in July due to high prices and mortgage rates
PBS · August 11, 2026Original source ↗
What happened
Sales of previously occupied U.S. homes decreased by 1.7% in July. This decline is attributed to high home prices and the highest mortgage rates in a year.
Why it matters
The decrease in home sales may impact the housing market and financial stability for potential buyers.
How this story affects people
How does this story affect you if you are shopping for a mortgage?
High mortgage rates may make it more difficult for you to afford a home. This decline in sales could indicate a tougher market for buyers, potentially leading to fewer options and higher competition for available homes.
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