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Soaring home prices and mortgage rates drag on sales in the US

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The Associated Press
August 11, 2026
Mortgage RatesSource: GNews

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.

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....

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Originally published by The Associated Press

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