# Home Sales Dip as Rates Rise | Real Estate News

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/home-sales-dip-as-rates-rise-real-estate-news
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/home-sales-dip-as-rates-rise-real-estate-news.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-07-16T20:26:14+00:00
Episode link: https://sources.thednn.ai/ddd21e443d5307e9
Audio file: https://api.fastcast.ai/audio/65ea12a4-e9f2-4d7a-9798-1585bf52a50f.mp3
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Duration seconds: 97

## Resource

Pending home sales plunged 5.4% in June, marking the steepest monthly drop in a year and a 0.3% year-over-year decline, as soaring mortgage rates and record-high home prices choke off buyer momentum. Contract signings fell nationwide, with the South and West seeing declines while the Northeast and Midwest barely held steady. Despite steady job growth, rising borrowing costs and stubbornly high prices are making homeownership unaffordable for many—especially first-time buyers. Meanwhile, median home prices hit a new record of $446,000, up 1.8% year-over-year for the 36th straight month. With mortgage rates climbing to a nine-month high since June, both buyers and sellers are pulling back, hinting at a potential slowdown in actual home sales in the coming months. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/ddd21e443d5307e9

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