Here's why the housing market is hurting so much this summer

Mortgage rates are high, home prices at record levels, and consumers stressed — all contributing to a drop in existing home sales and builder sentiment.

# Here's why the housing market is hurting so much this summer Mortgage rates are high, home prices at record levels, and consumers stressed — all contributing to a drop in existing home sales and builder sentiment. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/16/housing-market-mortgages-homebuilding.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*