In July, US existing home sales fell by 1.7%, marking a three-month low, as elevated mortgage rates and record home prices continue to deter potential buyers. The National Association of Realtors (NAR) reported a decrease in sales to 4.06 million, slightly below expectations. Despite this decline, the housing market exhibits some signs of stability amid the challenging conditions, with small business sentiment reaching an 11-month high. Experts warn of a sluggish market ahead, with price increases persisting even as sales struggle.