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US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers - AP News

Published by Associated Press By Matt Ott · 11 August 2026 at 18:18
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US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers - AP News
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What the report says

Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in more than a year prove to be an insurmountable hurdle for many prospective homebuyers. The National Association of Realtors said Tuesday that exist…

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