Sales of previously-owned homes in the United States dropped by 2.7% last month to a seasonally adjusted annual rate of 3.9 million, hitting their lowest rate in nine months. The National Association of Realtors (NAR) reported that the median home price reached a record high of $435,300 in June, up two percent from a year ago. NAR chief economist Lawrence Yun attributed the high prices to multiple years of undersupply and noted that high mortgage rates were also impacting sales. President Donald Trump criticized the Federal Reserve for not lowering interest rates, despite economists warning of potential inflationary effects.
Source: https://www.newsmax.com/finance/streettalk/home-sales-prices/2025/07/23/id/1219745