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

Home sales in the US have decreased. The median sales price has risen to $434,100. This is a 2% increase from the previous year. In July, sales of existing homes slowed down. The number of units sold was slightly higher than what economists expected. Further information on the current state of home sales and prices is available from the National Association of Realtors.