existing home sales
Coverage of existing home sales in the Nexus archive.
- Here's why the housing market is hurting so much this summer
High mortgage rates, record home prices, and stressed consumers are contributing to a decline in existing home sales and builder sentiment this summer.
- US home prices hit an all-time high as sales slow and mortgage rates rise
US home prices reached an all-time high in June 2025 despite a 2.4% monthly decline in existing home sales. Mortgage rates have risen due to inflation concerns and higher oil prices, though they remain below year-ago levels. First-time buyers accounted for 33% of purchases, down from May but up from June 2024.
- US home prices hit an all-time high as sales slow and mortgage rates rise
US home prices reached an all-time high in June, with existing home sales declining 2.4% from May but rising 2.8% compared to June 2023. Affordability challenges persist as mortgage rates have increased since spring amid the U.S.-Iran tensions, though rates remain lower than a year ago.
- US home prices hit an all-time high as sales slow and mortgage rates rise
US home prices reached an all-time high in June 2026, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May, though annual sales increased 2.8% compared to June 2025. Mortgage rates have risen since spring 2026 amid concerns over the US-Iran conflict and inflation.
- US home prices hit an all-time high as sales slow and mortgage rates rise
US home prices reached an all-time high in June, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May but increased 2.8% compared to June 2023, while mortgage rates have trended higher due to inflation concerns linked to the US-Iran conflict.
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices
Sales of previously occupied U.S. homes surged in May to a seasonally adjusted annual rate of 4.17 million units, the fastest pace since December, despite rising mortgage rates. The National Association of Realtors reported a 3.2% monthly increase and a 3.2% annual rise, with home prices climbing 1.3% year-over-year to $429,300.
- Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average U.S. 30-year fixed mortgage rate decreased to 6.48% this week, down from 6.53% the previous week, according to Freddie Mac. The rate remains below its level from a year ago (6.85%) but has risen since late February. The decline is attributed to factors including oil price fluctuations due to the war with Iran, which influence inflation and bond yields.