Existing Homes Fall 1.7% in July as Record Prices, High Mortgage Rates Stifle Would-Be Buyers

AP via MSN, Aug. 11, 2026-Matt Ott

Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers.

Existing home sales fell 1.7% last month from June to a seasonally adjusted annual rate of 4.06 million units, the National Association of Realtors said Tuesday. That’s slightly above the 4.05 million pace economists were expecting, according to FactSet.

Click here for more