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Home sales fall in July amid high mortgage rates

NPR | By Scott Horsley
Published August 11, 2026 at 3:33 PM CDT

The housing market is stuck in a slump. Sales of existing homes fell by 1.7% last month, even as the average selling price rose. High prices along with rising mortgage rates are putting a squeeze on affordability.

Copyright 2026 NPR
Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent.
See stories by Scott Horsley