Homebuyers continue to struggle amid higher mortgage rates and lofty home prices

TL;DR

Home sales in August fell to their lowest level in more than a year, after rising mortgage rates dealt another blow to a hobbled housing market Homebuyers continue to struggle amid higher mortgage rates and lofty home prices. Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. The sales activity marked the slowest pace since June 2025 and was felt hardest in the Northeast and Midwest.