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Posted on 07/17/2026 9:18:05 AM PDT by Miami Rebel
U.S. home prices surged to an all-time high in June according to a National Association of Realtors (NAR) report released last Thursday.
The report found that the median existing home price in June reached $440,660, an increase of 1.8 percent year-over-year and a new high according to the NAR’s chief economist Lawrence Yun.
Housing sales declined to 2.4 percent month-over-month in June and 2.8 percent, seasonally adjusted, since June 2025. The NAR’s Housing Affordability Index is up 6.8 points since June 2025 at 102.3, signaling that home prices are more affordable relative to the median family income. Yet the index was down 2.8 points from May.
Home affordability has become a contentious issue as “affordability politics” dominates discussions leading up to the midterms. A Harris poll conducted with the Guardian earlier this month saw 45 percent of respondents share that they found trouble affording housing.
Congress recently passed the “21st Century Road to Housing Act,” which aims to loosen regulatory burdens on building and increase the supply of housing. President Donald Trump declined to sign the bill, letting it become law on Saturday following the 10-day window after being passed by Congress but not vetoed.
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And the effect immigration has had?
I’ve never known house prices to go down here in upstate NY
1) Soft on crime policies reduce supply by making many starter homes in unlivable high crime areas. Lower supply --> higher prices elsewhere.
2) Illegal immigrants increase demand for starter homes. Increase demand ---> higher prices.
3) Section 8 money (HUD) for single family dwellings (houses) increases demand for houses. Increase demand ---> higher prices.
So many young people vote Dim, then complain that boomers are messing up the housing market. When it's the Dims that's making starter home prices unreachable.
1.8 percent increase year-over-year is actually below the rate of inflation and is good.
Don’t count on a huge drop.
Things went soft 6 months ago in Scottsdale but now speeding up again.
My place will probably be up 10% in the next year.
Counter argument: Racist!
sarc-
Notice how when we had 8.5% inflation it wasn’t that much of an issue. Notice how when the fuel at the pumps was even higher than today it wasn’t that big of an issue.
Now suddenly all these things are big issues. Why?
When will so called MAGAs take off their gloves and treat Trump policies objectively? Hard working families are struggling like never before on my sixty years of living. Cost of living unmanageable for most. Step 1) stop playing to Israel. 2) turn use billions earmarked to Israel and invest in American infrastructure.
Jobs would be created. Let Israel put on their big boy pants. They can hoist in their petard.
So many young people vote Dim, then complain that boomers are messing up the housing market. When it’s the Dims that’s making starter home prices unreachable.
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A major factor for higher home prices is the monetary system.
The supply of land doesn’t increase, but the government relentlessly increases the supply of dollars. The supply of free market money would increase a lot less.
COST OF BUILDING NEW HOMES IS COMPLICATED BY DATA CENTERS GETTING ALL THE LABOR & MATERIALS .
“The supply of land doesn’t increase”
Get on an airplane and start flying over flyover country.
There is plenty of land.
Texas alone has enough empty land to boggle the mind.
“Notice how when we had 8.5% inflation it wasn’t that much of an issue. Notice how when the fuel at the pumps was even higher than today it wasn’t that big of an issue.”
Who are you, Rip van Winkle?
It was a HUGE issue. Although the actual rate receded to 3% at the end of Biden’s term.
President Trump won in large part due to his promises to bring DOWN prices, not simply to lower the rate of inflation.
“Starting on day one, we will end inflation and make America affordable again, to bring down the prices of all goods.”
“Under my administration, we will be slashing energy and electricity prices by half within 12 months, at a maximum 18 months.”
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that.”
Gas prices in December of 2024 were averaging $3.04 per gallon, according to AAA. We’re now at $3.98.
“””2) turn use billions earmarked to Israel and invest in American infrastructure”””””
The democrats already passed a massive infrastructure bill.
Remember?
Another great for Seniors, horrible for young people statistic. This is why young people are giving up hope of having a future of buying a house to start a family. And why some are turning to Socialism.
Please! Freepers from lib states...move to South Carolina to keep this state RED! Home prices are escalating, but you can still get a band for your buck here.
Paying way more for crappier new homes.
Yes, today’s new homes are COMPLETE CRAP.
Thanks to never ending inflation and regulation, I think the only time prices actually went down was during the 2008 crash.
Generally, what happens is that the market shifts from that of a buyer’s market to a seller’s.
In the buyer’s market, prices go up at a slower rate.
You will see more people cutting list-prices during a buyer’s market but that is because they priced it too high for that very market. The average price of resulting sales still goes up.
Need to put a boot up the ass of the Federal Reserve to lower interest rates. In fact the only thing the Fed should be doing is making sure our money is sound, not diddling interest rates.
Is this good or bad?
It was a Trump campaign promise, no? As was staying out of wars.
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