NEWSNATIONNOW (Sarah Davis and The Hill) - Home sales drop to lowest level since June 2025
August marks the third consecutive month of declining home sales in the U.S.
August marks the third consecutive month of declining home sales in the U.S.
Despite the increased supply, home prices continued to rise. The median price of a home sold in August was $429,100, up 1.6% from August 2025.
Some say the pendulum has swung too far since the 2008 housing crisis. Others warn that looser standards for who qualifies for a mortgage once led to disaster.
People with low interest rates should be holding on to their mortgages. Instead, they're accelerating their payments.
Higher costs for home loans have put a squeeze on the housing market, adding pressure to consumers already struggling with elevated inflation.
Global interest rates are rising. Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
Government borrowing costs are hitting multi-decade highs around the world, reflecting anxiety about debt levels, deficits and inflation.
Dolly Lenz Real Estate CEO Dolly Lenz and Managing Director Jenny Lenz analyze the slump in new-home sales as high mortgage rates and affordability concerns weigh on buyers on ‘Making Money.’ #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #makingmoney #dollylenz #lenz #jennylenz #housing #housingmarket #realestate #mortgage #mortgagerates #homebuyers #homesales #newhomes #homeprices #affordability #starterhomes #economy #interestrates #homeownership
FOX Business' Jackie DeAngelis has the details on 'Mornings with Maria.' #foxbusiness #shorts
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