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July’s Home Sales Peak May Be Over | Charleston News
July’s home sales surge looks great on paper—up seven percent year-over-year—but the real story is in the slowdown: new pending listings barely ticked up 0.3% and actually dropped 7.7% from June. Economists warn July might be peak sales, as rising mortgage rates (now near 6.7%) and stubbornly high home prices ($371K average) are chilling buyer enthusiasm. With few homes for sale and sellers locked into lower rates, Zillow predicts a flattening—or even declining—market ahead, despite rent hikes adding pressure. Listen in comfort:Get a discount on a Soli Pillow…
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