July Home Sales Fell as Rates and Prices Kept Buyers Back
Existing-home sales fell 1.7% in July as mortgage rates near 6.7%, rising prices and limited inventory continued to pressure buyers nationwide.
Housing Market
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U.S. mortgage rates rise for a fifth straight week to highest level in more than a year
The average long-term U.S. mortgage rate reached its highest level since late July 2025, increasing borrowing costs for homebuyers and people considering refinancing.
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Colorado forecast warns of shrinking labor force and weakening housing market
A June forecast from Colorado’s Legislative Council reports a 1.5% year-over-year decline in the labor force and a more than 7% drop in average single-family home prices.
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Carson City home prices stabilize in second-quarter 2026 market report
Sierra Nevada Realtors’ second-quarter report characterizes Carson City home prices as stabilizing, while Douglas County declined and Lyon County prices increased.
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U.S. 30-Year Mortgage Rate Rises to 6.66%, Highest in a Year
The average U.S. 30-year mortgage rate reached 6.66%, raising monthly borrowing costs for buyers while making refinancing harder to justify.
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U.S. New-Home Sales Tick Up, but 9.3 Months of Supply Gives Buyers More Leverage
June new-home sales rose modestly, but high inventory, softer prices and builder incentives may give buyers more room to compare and negotiate.