U.S. Home Prices Rose Again, Keeping Affordability Under Pressure
U.S. home prices rose 2.1% over the year to June, while mortgage rates near 6.7% and limited inventory continued to pressure buyers.
U.S. home prices rose 2.1% over the year to June, while mortgage rates near 6.7% and limited inventory continued to pressure buyers.
June sales slowed as the median existing-home price hit a record, giving some buyers more negotiating room without easing monthly housing costs.