In June, US existing home sales experienced a significant decline, dropping by 2.7% to a nine-month low as skyrocketing prices continued to exert pressure on the housing market. The National Association of Realtors reported that home prices reached an all-time high, exacerbating the situation further. Many economic analysts are expressing concern as mortgage rates remain elevated, contributing to sluggish sales. Despite an increase in inventory, buyer engagement has remained low, signaling caution within the market. Additionally, while overall home prices have surged, some regions are observing slight declines, indicating a mixed landscape in the housing economy.