Wayne Dupree (@RealWayneDupree)

🏠 HOME SALES DROP TO LOWEST LEVEL IN MORE THAN A YEAR The housing market took another hit in August as existing-home sales fell 2% to an annual rate of 3.98 million, marking the third straight monthly decline. At the same time, affordability remains a major hurdle. The national median existing-home price reached $429,100, up 1.6% from a year earlier, while the number of unsold homes increased 3.2% from July. Mortgage rates have also moved higher, putting additional pressure on would-be buyers. NAR chief economist Lawrence Yun said the decline isn’t surprising because mortgage rates and home sales generally move in opposite directions. There is one positive sign: despite August’s slowdown, existing-home sales during the first eight months of 2026 were 1.6% higher than the same period in 2025. For millions of Americans, however, the basic equation remains difficult: Higher borrowing costs. Higher home prices. A tougher path to homeownership. #HousingMarket #HomePrices #MortgageRates #RealEstate #Economy