U.S. Home Prices Hit Record High As Bipartisan Housing Bill Becomes Law Despite Trump's Refusal To Sign It

Although mortgage rates have risen sharply since 2022, home values have largely continued climbing due to persistent supply shortages. (Credit: Marcus Lenk | Unsplash)

The cost of buying a home in the United States reached another historic milestone in June, with prices climbing to an all-time high even as lawmakers remain deadlocked over legislation designed to make housing more affordable.

The median price of an existing home rose to $440,660 in June, up 1.8% from $432,700 a year earlier, according to new data released by the National Association of Realtors (NAR). The increase also marks the 36th consecutive month of annual home price gains.