BUSINESSWDIV CLICKONDETROIT
US home prices hit an all-time high as sales slow and mortgage rates rise
US home prices reached an all-time high in June, with existing home sales declining 2.4% from May but rising 2.8% compared to June 2023. Affordability challenges persist as mortgage rates have increased since spring amid the U.S.-Iran tensions, though rates remain lower than a year ago.
Mentioned
Related Signal
Adjacent reporting
- US home prices hit an all-time high as sales slow and mortgage rates rise
- US home prices hit an all-time high as sales slow and mortgage rates rise
- US home prices hit an all-time high as sales slow and mortgage rates rise
- US home prices hit an all-time high as sales slow and mortgage rates rise
- June home sales disappoint as prices reach an all-time high
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices