U.S. home prices hit an all-time high in June, the National Association of Realtors said Thursday. The median price of existing homes sold last month rose to $440,600, up 1.8% from June 2025. medium.com/@jmostrowski/h…
Interesting detail from @NAHBhome's latest Housing Market Index: 35% of builders cut prices in June. For a while, builders were offering temporary rate buydowns but not price concessions.
President Trump called for Jerome Powell to cut rates, and Trump nominated Kavin Warsh to succeed Powell as Fed chair. But Warsh's first meeting provided few fireworks. The Fed said it would keep its benchmark rate unchanged, a decision Warsh called "unanimous and unambiguous."
