Housing prices hit all-time high as sales continue to slow

According to a report from the National Association of Realtors released Wednesday, the increase marks more than a decade of year-over-year monthly price hikes.

The hottest housing markets are in sunbelt cities like Orlando and Nashville, where home prices jumped nearly 31%. Still, selling existing homes, including townhomes, condos, and co-ops, was down 5.4% last month from May nationwide.Experts say inflation and rising mortgage rates could be pricing some homebuyers out of the market.

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Existing home sales tumble in June as prices hit another record highRising mortgage rates combined with the steady increase in home prices has pushed prospective homebuyers out of the market in recent months, new data shows. That's good news! Especially here in Florida where the northerners have driven up prices to the point that they're driving locals out
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