U.S. home prices hit record $440,600 as sales slide 2.4% — Proptech's moment?
The median U.S. home price surged to an all-time high of $440,600 in June, while existing home sales dropped 2.4% from May, deepening the affordability crisis. For proptech firms, this divergence creates an urgent need for innovative buying, financing, and valuation tools. Amid Fed division and global economic downgrades, the sector faces both record asset values and shrinking transaction volumes.
Source: newsday.com · timesleader.com