There are plenty of higher-priced, and higher-valued homes to look at in many parts of the country, but elevated mortgage rates and sellers' reluctance is making their sale difficult.
U.S. homes' overall value rose 0.4% ($166.2 billion) from a year earlier in June and 19.1% ($7.5 trillion) from two years earlier, Redfin reported.
The total worth of U.S. homes hit a record $46.8 trillion in June, according to Redfin. This overtakes the prior all-time high of $46.6 trillion set a year earlier, as a shortage of homes for sale propped up housing values.
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