Today

Home Prices Record High

U.S. housing costs climbed to a record as sales cooled and mortgage rates rose.

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Updated Jul 9, 6:07pm ET

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U.S. existing-home prices reached a record in June, with the median existing single-family home price rising 1.8% from a year earlier to $440,600, the 36th straight year-over-year increase. Existing-home sales fell 2.4% from May to a seasonally adjusted annual rate of 4.09 million units, though sales were 2.8% above June last year. The average 30-year fixed mortgage rate rose to 6.49% from 6.43% the prior week, while remaining below 6.72% a year earlier.

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