Episode Details

Home sales dipped slightly in June, but prices hit a record high of $446,000 — up nearly 2% from last year and now for 36 straight months of year-over-year gains. Pending sales rose last week after a brief mortgage rate dip, though rates are already climbing again, showing buyers’ cautious dance. Affordability is improving slightly thanks to faster wage growth, especially in the West and South. But with inventory falling, prices could accelerate unless more homes hit the market — or affordability gains could vanish.

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