U.S. Home Prices Hit Record in June for Second Consecutive Month

[mahatmakanejeeves]

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
[e-mail]
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.

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[Marcus IM]

1. Yay! Deregulated capitalism!

[CentralMass]

2. This is, IMO, part of why there maybe a lack of enthusiasm amoung young voters.

Last edited Tue Jul 23, 2024, 04:45 PM - Edit history (1)

Many are scraping buy paying rent and college loans with little hope of ever owning a home or making an income big enough to climb out of the hole

[bucolic_frolic]

3. That's called motivation! Incentive capitalism!