08/14/2026
The latest National housing report contains an interesting tension:
Home affordability improved compared with last year—but existing-home sales still declined 1.7% in July.
That tells me payment isn’t the only thing holding buyers back.
People are also weighing job confidence, available inventory, cash reserves, insurance and tax costs, and whether a home actually fits their family’s long-term plan.
Nationally, inventory held at a 4.6-month supply and prices were still 2% higher than last year. So this isn’t simply a buyer’s market or seller’s market everywhere.
It’s a more balanced and selective market—one where preparation and property-specific analysis matter more than broad headlines.
NAR's July Existing-Home Sales Report shows sales declined 1.7% month-over-month to a seasonally adjusted annual rate of 4.06 million but increased 0.7% from a year earlier. The median existing-home price rose 2.0% to $434,100, marking 37 straight months of annual price gains, while housing inventor...