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NewsWPLG Local 10 – Main FeedAugust 11, 2026Miami-Dade

U.S. existing home sales decline 1.7% in July

Sales of previously occupied homes in the U.S. fell by 1.7% in July, driven by record-high home prices and mortgage rates reaching their highest point in a year.

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Why It Matters

The decline in home sales reflects ongoing affordability challenges for prospective buyers due to the combination of elevated property prices and borrowing costs.

Key Facts

  • Existing home sales in the U.S. decreased by 1.7% in July.
  • Home prices reached record levels during this period.
  • Mortgage rates reached their highest point in a year.

Who's Mentioned

locationU.S.“The geographic scope of the housing market data.”organizationAP“The news agency reporting the data.”