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US home sales up 2% in July! Median price $422.4K, up 0.2% YoY. Mortgage rates ease, but affordability still a challenge.

Associated Press Finance

10m ago

US home sales rose 2% to 4.01M units in July, but affordability issues persist. Median price up 0.2% YoY to $422.4K.

US housing affordability hits 28%, worse than 2008 crisis. Buying power drops, pain just beginning for homeowners.

Jobless claims jump 11K to 2-month high, but layoffs stay low. Traders eye labor market resilience.

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