US existing home sales fell to a nine-month low, with home prices at historic lows.

In June, the total annualized existing home sales in the United States decreased by 2.7% to 3.93 million units, lower than the expected 4 million units. The supply of existing home sales can maintain at 4.7 months, reaching a new high since July 2016. The chief economist of the National Association of Realtors, Lawrence Yun, stated, "Years of inadequate supply are pushing up house prices," and "High mortgage rates are causing home sales to stagnate at cyclical lows." President Trump said, "Due to Federal Reserve Chairman, 'Too Late' Powell's refusal to cut interest rates, the development of the U.S. housing market is lagging," and he mentioned that he is considering a proposal to eliminate capital gains tax on home sales.