- U.S. existing home sales dipped to about a 4 million annual pace in August (a 2% monthly drop), the third straight decline and the slowest in over a year.
- Mortgage rates have climbed — the 30-year hovered around 6.7% and could near 7% — driven by higher Treasury yields and geopolitical/inflation worries, making buying tougher.
- Even as sales slow, the median home price hit a record August high of $429,100, while inventory ticked up to 1.62 million (a 4.9-month supply), the loftiest level in over a decade.
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