NewsWPLG Local 10 – Main FeedSeptember 10, 2026Miami-Dade County
US home sales weaken to slowest pace in more than a year as mortgage rates, home prices climb
Photo: WPLG Local 10 – Main Feed
Existing U.S. home sales fell 2% in August from July to a seasonally adjusted annual rate of 3.98 million units, marking the third consecutive monthly decline. The National Association of Realtors reported that rising mortgage rates and climbing home prices drove the slowdown. Meanwhile, the national median sales price increased 1.6% from a year earlier to $429,100, reaching an all-time high for August.
Read the full story at WPLG Local 10 – Main FeedWhy It Matters
Homebuyers face higher monthly borrowing costs and record national median prices while benchmark 30-year mortgage rates climb to 6.76%, their highest level in over 14 months.
Key Facts
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Who's Mentioned
OrganizationNavy Federal Credit Union“Mentioned via its chief economist discussing housing affordability.”OrganizationNational Association of Realtors“Provided national home sales figures, inventory data, and market analysis.”PersonLawrence Yun“Commented on the inverse relationship between home sales and rising mortgage rat”OrganizationFactSet“Provided economic consensus data for August home sales.”PersonHeather Long“Commented on affordability challenges and homebuyer behavior.”OrganizationRealtor.com“Provided data on national median home listing prices and price reductions.”