Lawrence Yun

“The highest mortgage rates of the year hit right in the middle of summer, and that's pulling back contract signings,”

Lawrence Yun · said date not stated · reported 2026-08-18

Yun commented in a statement on National Association of Realtors data showing pending home sales fell 2.3% in July.

“Home prices are at record highs so houses for sale are sitting on the market longer, and fewer buyers are bidding above the asking price than a year ago, though there are large local market variations.”

Lawrence Yun · said date not stated · reported 2026-08-18

Yun's statement noted record-high home prices and longer times on market for listed homes.