June's existing home sales data, released Tuesday morning, revealed a sharper decline than economists had anticipated. According to a report from the National Association of Realtors (NAR), sales dropped 5.4% month-over-month to 3.89 million units, falling short of the 3.2% decrease to 3.98 million units initially predicted. The current sales level represents the lowest point since December 2023.

Catalysts co-hosts Seana Smith and Madison Mills break down the details, providing insights into what the data tells about consumers navigating the current housing market.

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This post was written by Angel Smith