Lawrence Yun

Compared with a year ago, sales were down in all regions.

The NAR's chief economist, Lawrence Yun, called the market sluggish due to higher rates, which are offsetting job gains and income growth.

Nationally, contracts signing today are running about... 30% below where they were in the years leading up to the pandemic.

And just a programming note, I'm here at the annual Zellman Housing Conference in Boston, and I'll have reaction on all things interest rates and housing from Walker & Dunlop's Willie Walker later on the exchange, and then a live interview with Ivy Zellman herself coming up this evening on Fast Money.

Wow.

And because I already know because of another report that Dr. Lawrence Yun and Dr. Jessica Lautz did, that we all have access to.

Yeah.

So let's, let's, let's unpack this, right?

NAR said unsold inventory in August rose 3.2% from July to 1.62 million units.

Home buying demand is also being supported by wage growth and job creation, said NAR chief economist Lawrence Yun.

But with conflict in the Middle East intensifying, rates are unlikely to fall soon, economists said.

Cheap biologic drugs stall, risking health savings, by Xavier Martinez.

The National Association of Realtors said today that existing home sales declined 1.2% from August 2025 and fell 2% from July to a seasonally adjusted annual rate of 3.98 million units.

NAR's chief economist, Lawrence Yun, says it's not a surprise to see home sales move in the opposite direction from continually rising mortgage rates.

Apple will start selling a foldable iPhone about the size of a passport starting next month.

It is the biggest change to the iconic product since it was introduced nearly 20 years ago to kick off the smartphone era.