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Here's why the housing market is hurting so much this summer

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CNBC
July 16, 2026
Mortgage RatesSource: GNews

Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.

Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment....

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Originally published by CNBC

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