High housing prices and high interest rates continue to suppress the real estate market, with U.S. existing home sales dropping to a three-month low in July.

According to the Zhito Finance APP, the U.S. real estate market continues to face pressure. Affected by high home prices and rising mortgage rates, existing home sales in the U.S. fell to a three-month low in July, with potential homebuyers remaining cautious. The real estate market has yet to shake off the sluggish conditions of recent years.