Existing-home sales fell 1.7% in July from June but rose 0.7% year-over-year, with a 2.4% increase year-to-date. Higher mortgage rates averaging around 6.6% and elevated home prices, with a median of $434,100, continue to slow buyer activity. Inventory remains low, down 1.9% from June and 0.6% year-over-year, keeping homes selling quickly. First-time buyers face affordability challenges, while cash buyers remain active. The Northeast saw a 2% sales increase, while other regions declined or held steady.