Home prices reach record high as affordability crisis worsens

"Home prices hit a new high in May," said Lisa Sturtevant, Bright MLS chief economist. "But with affordability a growing challenge for homebuyers and more new listings coming onto the market, we could be at the peak."

"All 20 markets observed annual gains for the last six months," said Brian Luke, head of commodities, real and digital assets at S&P DJI. "The last time we saw that long a streak was when all markets rose for three years consecutively during the COVID housing boom."

Read at New York Post