June home sales disappoint as prices reach an all-time high
The post June home sales disappoint as prices reach an all-time high appeared on BitcoinEthereumNews.com. A for sale sign is posted in front of a home on April 13, 2026 in Pasadena, California. Justin Sullivan | Getty Images High mortgage rates coupled with record-high prices is causing homebuyers to pull back. Sales of previously owned homes in June dropped 2.4% from May to 4.09 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Housing analysts were predicting a slight gain month over month. June sales were, however, were 2.8% higher than the same month a year prior. “The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,” said Lawrence Yun, the Realtors’ chief economist, in a release. “However, job gains—more than half a million since the beginning of the year—will continue to provide support for the housing market.” Th