Home sales are down. So why are prices at an all-time high? – Knowhere News

Home sales are down. So why are prices at an all-time high? – Knowhere News

In spite of the housing market’s ongoing post-pandemic decline, home prices reached an all-time high in June. According to data from the National Association of Realtors, the median price of an existing home sold this month was $435,300, surpassing the previous high, which was established in June 2024. However, seasonally adjusted sales figures were at a nine-month low overall. June sales were 2.7% lower than the previous month. Given how slow t…

First-time homebuyers struggling with high rates, prices

First-time buyers struggle with high home prices and mortgage rates near 25-year highs. Assumable VA loans offer one option for lower interest costs.