What Rising Costs Mean for Today’s Housing MarketThe summer housing market continues to face an important challenge: affordability. Higher mortgage rates and home prices are causing many
The Opportunity in Today’s Real Estate Market.
Dated: August 17 2026
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What Rising Costs Mean for Today’s Housing Market
The summer housing market continues to face an important challenge: affordability. Higher mortgage rates and home prices are causing many buyers to take more time before making a move, while limited inventory continues to provide support for many homeowners who are ready to sell.
According to the National Association of REALTORS®, existing-home sales declined 1.7% in July from June, although sales were still up 0.7% compared with a year earlier. The median existing-home price was $434,100, up 2% from July 2025, while the 30-year mortgage rate averaged 6.54% in July.
What Does This Mean for Buyers and Sellers?
For buyers, today’s market makes proper planning and professional guidance more important than ever. Understanding financing options, setting a realistic budget, and being prepared to act when the right property becomes available can make a significant difference.
For sellers, pricing a home correctly is critical. Buyers are becoming more selective, and while inventory remains relatively limited, overpriced homes may require adjustments to attract serious offers.
The Opportunity in Today’s Market
Real estate markets change, but opportunities remain. Whether you are considering buying, selling, or simply want to understand what today’s market means for you, having a knowledgeable real estate professional by your side can help you make informed decisions.
The market may be changing—but the right strategy can make all the difference.
Source: National Association of REALTORS®, “Rising Costs Are Weighing on Home Sales This Summer,” by Melissa Dittmann Tracey, August 11, 2026. Read the original NAR article
Corlia MacDonald
REAL ESTATE:I have been a full time Realtor since 2005 and enjoy what I do. Most of my clients become friends and I become their realtor for life. I have years of experience, am trustworthy, honest an....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on September 28, 2026 3:43 AM UTC
