In July, U.S. home sales unexpectedly rose, with existing home sales increasing by 2.0% to surpass 4.0 million, as reported by the National Association of Realtors (NAR). This uptick comes as mortgage rates eased slightly, contributing to a more favorable environment for homebuyers. Despite remaining at a nine-month low previously, the housing market displayed signs of recovery, boosted by a five-year high in inventory. Prices, while still elevated, are stabilizing and growing at a slower pace, further encouraging activity in the sector. Analysts suggest these trends may indicate an inflection point in the housing market, offering potential opportunities for buyers who are now in a better position compared to recent years.