AI Data Insight
The annualized data of US single-family existing home sales in Q2 2026 fell back to 3.73 million units, a decline from the previous reading of 3.80 million units. Although external macroeconomic forecasts are slightly optimistic about the overall housing market, the single-family residential market is still hit by the dual squeeze of mortgage rates up to 6.5% and record-high home prices. This restricts the affordability of first-time homebuyers and potential buyers, making a significant breakthrough in sales unlikely in the short term.