Lawrence Yun
Coverage of Lawrence Yun in the Nexus archive.
- 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 2025 despite a 2.4% monthly decline in existing home sales. Mortgage rates have risen due to inflation concerns and higher oil prices, though they remain below year-ago levels. First-time buyers accounted for 33% of purchases, down from May but up from June 2024.
- The housing market just split in two: Prices are falling out West and soaring in the Northeast
U.S. existing home sales slowed in June, but national home prices reached a record high, exacerbating affordability challenges. Prices rose in the Northeast while falling in the West, with mortgage rates and inventory shortages driving regional disparities.
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices
Existing U.S. home sales rose 3.2% in May to a 4.17 million annual rate, exceeding expectations despite higher mortgage rates. The median home price hit a record $429,300, while affordability improved due to slower price growth relative to incomes. Sales increased in the Midwest, South, and West but declined in the Northeast.