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Fox Business
Fox Business
27 Aug 2024


Home prices hit a new record in June amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.

Prices increased 5.4% nationally in June when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 5.9% pace recorded the previous month.

On a monthly basis, prices climbed 0.2%, according to the index.

This is a developing story. Please check back for updates.