US home sales lower than expected but prices remain . . . US home prices hit a record high in June, even as sales dropped more than expected with prospective buyers put off by stubbornly high mortgage rates and persistent economic uncertainty
Housing Market Update: Buying a Home Costs More Than Ever . . . The median U S home price rose 5 2% year over year this week, and mortgage rates hit their highest level since November 2023 Prices continue to rise partly because there are still serious buyers searching for homes