New home sales dip 0.6% in June: What it means for buyers
US new home sales fell short of economist expectations for June, revealing a 0.6% decline instead of the anticipated 3.4% increase. This downturn highlights the ongoing challenges in the housing market, where potential homebuyers continue to grapple with high mortgage rates, affordability issues, and limited inventory. Yahoo Finance reporter Dani Romero analyzes the data and discusses regional housing supply across the US. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith