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

Home sales across the US have decreased. The median sales price has gone up. It is now at $434,100, which is higher than the same time last year. The number of homes sold has fallen from the previous month. This decrease is attributed to high prices and mortgage rates. Further information on this trend can be found through the National Association of Realtors, which tracks home sales data.