National Association of Realtors (NAR)

Existing-home supply reached its highest level since 2019, but elevated payments and economic uncertainty pushed sales to a 14-month low

Sales fell 10.5% in July as inventory climbed, leaving builders increasingly dependent on price cuts, mortgage-rate buydowns, and other incentives

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

More than half of recent sellers kept recording devices active, and nearly half of those who reviewed the footage said it influenced negotiations

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers

Rising housing costs are pushing buyers to pool incomes and assets, creating new opportunities for lenders and originators