US existing-home sales fell 2.4% in June to 4.09 million units, the lowest pace since September 2024, as 6.5% mortgage rates and record $440,600 median

Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges