US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers

Home sales across the US have slowed. The median sales price is now at $434,100. This is a 2% increase from the same time last year.

The number of homes sold has decreased. 06 million units. This is slightly higher than what economists expected.

Further information on the current state of home sales is available from the National Association of Realtors. They reported on the latest trends in the US housing market.