United States home prices hit an all-time high in June 2026, increasing 1.8% from last year. Despite this, inflation has driven down the value of the dollar at about 4% since last year, meaning the price increase was nominal and real home values actually decreased.
According to a report by the National Association of Realtors (NAR), the year-over-year price increase was 1.8% and the median U.S. home price in June 2026 was $440,660. This comes after 36 straight months of price increases.
“The inflation rate was 4.2%, as of May 2026,” USAFacts said.
Year-over-year there has been a 2.8% increase in existing-home sales, but month-over-month existing-home sales saw a 2.4% decrease.
“Month-over-month sales increased in the Northeast, and declined in the Midwest, South and West. Year-over-year sales rose in the Midwest, South and West and were flat in the Northeast,” the NAR report said.
According to an economist associated with the NAR, buyers’ sensitivity to mortgage rates indicates that there is an affordability crisis in the real estate market.
“The back-and-forth in monthly home sales activity, driven by mild fluctuations in mortgage rates, shows how sensitive home buyers are to affordability conditions,” said NAR Chief Economist Lawrence Yun.
There has been a year-over-year improvement to the affordability issue, due to wage growth.
“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage growth is outpacing home price growth,” Yun said. “However, progress on long-term housing affordability could be hampered if inventory growth continues to stall. Without consistent gains in inventory, home prices can accelerate. It is critical to introduce more supply to the market to widen the opportunity for homeownership.”
One part not touched on in the report is the effects of legal and illegal immigration on the U.S. housing market.
A home shortage is driven by home demand. With a large population of foreigners residing in the U.S. under various contexts, the housing market has became strained to accommodate them.
This is a fact the Trump White House has acknowledged. In January the administration posted a press release detailing how “mass deportations” have helped reduce the strain on the housing market:
In just one year, President Donald J. Trump’s ironclad commitment to securing our border and enforcing our nation’s laws is liberating Americans from the crushing burden of unchecked illegal immigration. Through mass deportations, the Trump Administration is freeing up resources, revitalizing opportunity, and restoring safety — delivering tangible results that put American citizens first.
Mass deportations = lower housing costs.
In 14 of the top 20 metro areas with the largest illegal migrant populations, home list prices declined year-over-year in December — and the three metro areas that saw modest price increases are all so-called “sanctuary cities.” Overall, home prices have dropped for the first time in more than two years as housing affordability shows signs of improvement under the Trump Administration.
8 Responses
A mixed blessing to be sure. Because the increase in property values is theoretical and unrealized, but the increase in property taxes is real and comes due next month.
TrumpDeception was evicted from his cardboard box.
And I moved into your basement where I bone your wife 4x per week and your daughter 3x per week 🙂
Hey, thanks for the free leather couch, PC, playstation, and wifi 🙂
Give the closet homosexual child rapist some credit. He dwells in his mom’s basement where he has a child sex dungeon and holds furry conventions. @Chumpdeception
You only bone 13 to 15 year old jewish girls with flat tits, just like APrisoner.
Says the marxist Muslim closet homosexual. Goats and Boys are your preferred victims.
The housing market has always been a scam.
NEVER trust a Realtor or Developer.
or a banker, mortgage lender, or insurance company!!!