Existing‑home sales in the US fell 1.7% MoM in July to a 4.06 mln annualized pace, a three‑month low and in line with the median economist forecast, the National Association of Realtors said. The report said persistently high listing prices and rising mortgage borrowing costs continue to deter buyers. The resale market has hovered around a roughly 4.0 mln annualized pace since late‑2022. NAR chief economist Lawrence Yun said sales have been very steady and that if average mortgage rates returned

Existing‑home sales in the US fell 1.7% MoM in July to a 4.06 mln annualized pace, a three‑month low and in line with the median economist forecast, the National Association of Realtors said. The report said persistently high listing prices and rising mortgage borrowing costs continue to deter buyers. The resale market has hovered around a roughly 4.0 mln annualized pace since late‑2022. NAR chief economist Lawrence Yun said sales have been very steady and that if average mortgage rates returned near 6% the market would undoubtedly boom.