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Housing Market Hits New Highs Amid Falling Sales | Tulsa News
Housing market numbers are throwing curveballs: sales dipped 2.4% in June to 4.09 million annually—below forecasts and stuck near 4 million, far below the historic 5.2 million. Prices, however, hit an all-time high at $446,000, up 1.8% from last year and climbing for 36 straight months. Buyers are caught between rising mortgage rates (still lower than last year’s highs) and stubbornly high prices, making homeownership tougher than ever. Sales have barely budged since 2022, with only a 0.7% uptick so far this year—homes sold in June likely locked in at rates between 6.23% and 6.53%, the…
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