America's Housing Market Hits a New High – and a Hard Ceiling US home prices have reached an all time high, while sales slow to a crawl.
According to the National Association of Realtors, existing home sales declined by 2. 4% in June, marking the latest sign of a sluggish market.
This slowdown is largely due to rising mortgage rates, which have been trending higher since the spring as concerns about inflation and global events weigh on investors' minds.