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U.S. Home Prices Hit Record in June for Second Consecutive Month [View all]
ECONOMY | HOUSING
U.S. Home Prices Hit Record in June for Second Consecutive Month
Home sales slowed again, ending a disappointing spring selling season
By Nicole Friedman
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
Updated July 23, 2024 10:21 am ET
Home prices hit a new high in June for the second straight month, the latest sign that the housing market is unaffordable to millions of Americans.
The spring home-buying season, usually the busiest time of year for the housing market, was a dud this year. Home sales declined in June for the fourth straight time on a monthly basis. The combination of high prices and elevated mortgage rates has made homeownership less attractive to renters and deterred current homeowners from moving.
{paywall}
U.S. Home Prices Hit Record in June for Second Consecutive Month
Home sales slowed again, ending a disappointing spring selling season
By Nicole Friedman
https://twitter.com/nicolefriedman
nicole.friedman@wsj.com
Updated July 23, 2024 10:21 am ET
Home prices hit a new high in June for the second straight month, the latest sign that the housing market is unaffordable to millions of Americans.
The spring home-buying season, usually the busiest time of year for the housing market, was a dud this year. Home sales declined in June for the fourth straight time on a monthly basis. The combination of high prices and elevated mortgage rates has made homeownership less attractive to renters and deterred current homeowners from moving.
{paywall}
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