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

Home sales in the US have declined. A decrease was seen in the number of homes sold in July. The median sales price has increased, now at $434,100.

This is a 2% rise from the same time last year. Further information is available from the National Association of Realtors. They reported a specific decline in sales from June to July.

Details on the current state of home sales can be found through the National Association of Realtors or other sources such as FactSet.