United States · Business news · Economy · 10 Sept 2026
US Real Estate Consumer Discretionary Financials
Sales of previously owned homes fell 2.0% in August from July to a seasonally adjusted annual rate of 3.98 million, and were 1.2% lower than a year earlier. The median price for all housing types was $429,100, up 1.6% from a year before. Inventory rose 3.2% from July to 1.62 million homes, 5.9% more than in August 2025, equal to 4.9 months of supply against 4.6 months in July. The average 30-year fixed mortgage rate in the month was 6.67%, according to Freddie Mac.
Home resales drive commission income for listed brokerages and portal operators, loan volume for mortgage lenders and title insurers, and follow-on spending at home-improvement, furniture and appliance retailers. Fewer sales with more homes on the market also means more competition for homebuilders, who sell against the resale stock. The link to the rest of the period's news is the mortgage rate: at 6.67% it tracks longer-term Treasury yields, which rose with inflation and rate expectations.
Reported by National Association of Realtors — “NAR Existing-Home Sales Report Shows 2.0% Decrease in August” ↗ on 10 Sept 2026.
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