Ahead of the Fed’s September rate hike, the latest report from The National Association of Realtors (NAR) revealed that sales of previously owned homes fell nearly 6% month-over-month and around 20% year-over-year in July.
Also, a survey showed that 60% of homeowners are less comfortable making large purchases for their homes due to the inflationary pressures, while nearly 43% agree that they have been delaying home improvement or maintenance projects because of the rising prices.
