“No one who has a home already can afford to sell it. People with ultra-low COVID-era mortgages cannot afford to give them up. If no one is selling, no one can be buying, and inventories are low.”

AP News · Aug 10 · US existing home sales fall 1.7% in July amid record prices, high mortgage rates

“It is difficult to find good news about the U.S. housing market from the July report.”

AP News · Aug 10 · US existing home sales fall 1.7% in July amid record prices, high mortgage rates