State of the Union: Median existing home prices rose above $440,000 amidst political debate over “affordability politics.” The post U.S. Home Prices Hit All-Time High appeared first on The American Conservative .
U.S. home prices surged to an all-time high in June according to a National Association of Realtors (NAR) report released last Thursday. The report found that the median existing home price in June reached $440,660, an increase of 1.8 percent year-over-year and a new high according to the NAR’s chief economist Lawrence Yun. Housing sales declined to 2.4 percent month-over-month in June and 2.8 percent, seasonally adjusted, since June 2025. The NAR’s Housing Affordability Index is up 6.8 points since June 2025 at 102.3, signaling that home prices are more affordable relative to the median family income. Yet the index was down 2.8 points from May. Home affordability has become a contentious issue as “affordability politics”…Open
Existing home sales posted their largest monthly sales decline in four years despite increasing affordability. Why it matters: The slump in sales underscores a disconnect in the housing market: Buying conditions are improving on paper, but constrained supply and broader economic uncertainty may be weighing on demand. Driving the news: Existing home sales fell 8.4% from December to January, the National Association of Realtors reported Thursday. - Economists had expected a 4.6% monthly drop, according to WSJ data. - Sales were down 4.4% from a year earlier, hitting a seasonally adjusted annual rate of 3.91 million. Zoom in: The decline was most acute for single-family homes, where sales fell 9%. Regionally, the West was down 10.3%, the…
Existing home sales posted their largest monthly sales decline in four years despite increasing affordability. Why it matters: The slump in sales underscores a disconnect in the housing market: Buying conditions are improving on paper, but constrained supply and broader economic uncertainty may be weighing on demand. Driving the news: Existing home sales fell 8.4% from December to January, the National Association of Realtors reported Thursday. - Economists had expected a 4.6% monthly drop, according to WSJ data. - Sales were down 4.4% from a year earlier, hitting a seasonally adjusted annual rate of 3.91 million. Zoom in: The decline was most acute for single-family homes, where sales fell 9%. Regionally, the West was down 10.3%, the…Open