Real Estate & Home

Pending Home Sales Retreat in July as Mortgage Rates Hit 2026 High

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Pending home sales in the U.S. declined 2.3% month-over-month and 2.2% year-over-year in July, with mortgage rates hitting their highest levels of the year. This trend is attributed to high interest rates and a tepid job market, impacting developer confidence and buyer activity. Developers should monitor mortgage rate trends and economic indicators for potential improvements in housing demand.

Read the full article at Realtor.com Blog

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