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US existing home sales fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers
Summary by The Nashville Editorial Desk AP via Scripps News Group , as published by NewsChannel 5 WTVF (CBS affiliate)
· August 11, 2026
· 1 min read
Photo: NewsChannel 5 WTVF (CBS affiliate) · view original
Story provenance No corrections
Summary created by The Nashville Editorial Desk — automated, rule-governed Byline on source page AP via Scripps News Group, as published by NewsChannel 5 WTVF (CBS affiliate) Original story Read at the source Source published Aug 11, 2026 Indexed here Aug 11, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The median sales price of homes has increased to $434,100.
Home buyers in the US are facing challenges. The median sales price of homes has increased to $434,100. This is a 2% rise from the same time last year.
Mortgage rates are also affecting sales. 7% from the previous month. This decrease is attributed to high mortgage rates and record home prices.
Further information on the current state of the US housing market is available from the National Association of Realtors. They provide data on home sales and prices, which can be useful for those looking to buy or sell a home.
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About this story
As published by NewsChannel 5 WTVF (CBS affiliate) . The Nashville surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NewsChannel 5 WTVF (CBS affiliate) . Have a tip or correction? Contact our newsroom .
Category: local Published: August 11, 2026 Source: NewsChannel 5 WTVF (CBS affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? Home buyers in the US are facing challenges. The median sales price of homes has increased to $434,100. This is a 2% rise from the same time last year. Mortgage rates are also affecting sales. The…
When was this published? This article was first published on August 11, 2026 by NewsChannel 5 WTVF (CBS affiliate) and curated for The Nashville readers.
Who reported this story? This story was reported by AP via Scripps News Group at NewsChannel 5 WTVF (CBS affiliate). To learn more about how The Nashville selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Nashville, or browse our daily briefing and topic hubs .
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