Sales of previously owned homes dropped in June, marking a slow start to summer for the housing market as prices hit an all-time high.

Home prices rose to a new high in June while the crucial spring sales season fizzled, signs that a housing-market recovery is unlikely in 2025. Home buyers were hesitant to jump into the market this spring,

Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels.