Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes. Luxury home sales grew 0.2%, while sales of non-luxury homes fell 3.4% to the lowest level in a decade. Luxury homes sat on the market longer than a year ago, as inventory rose to the
Home prices grew 0.2% in June, the slowest pace since January 2023. Home price growth slowed in June for the fourth consecutive month. Falling mortgage rates and relatively low inventory levels are likely to keep prices ticking up slowly in coming months. U.S. home prices rose 0.2% in June, the smallest month over month increase
Younger voters are more likely to be impacted by high housing costs, especially renters. Older voters have fewer concerns about housing affordability since they own homes in higher percentages. A pre-election interest rate cut would help voters view the housing market—and the economy in general—in a more positive light. Before the June presidential debate became