Home Prices Hit a Record High, Inflation Cools, and a New Housing Law Just Passed

Home prices hit a new all-time high of $440,600 this week — the 36th straight month of year-over-year gains — while the June CPI report showed inflation cooling faster than expected, dropping 0.4% month-over-month, the largest one-month decline since April 2020. Matt Lombardi and Steve Kaempf break down what's driving the numbers, why gas and energy prices are doing the heavy lifting on inflation, and what June's 2.4% dip in existing home sales really means heading into the second half of the year.Plus: the 21st Century Road to Housing Act is officially law after a pocket passage, and the guys unpack what the zoning reform and commercial-to-residential conversion provisions could mean for inventory over the next few years. They also cover a developing story out of Missouri, where the American Real Estate Association and the Missouri Association of Realtors are teaming up to fight two ballot amendments that could raise housing costs, while NAR stays silent. Rounding it out: highlights from the 2026 NAR Member Profile, Google's expanding partnership with House Canary, and this week's viewer mail.New episodes of Market Trends drop Monday every week — subscribe so you don't miss the next one.#RealEstateNews #HousingMarket2026 #HomePrices #InflationReport #MarketTrends #ChicagoRealEstate #HousingLaw #RealEstateInvesting #NAR #RealtorLife #peoplenotitles #markettrends Full episodes available at www.peoplenottitles.comPeople, Not Titles podcast is hosted by Steve Kaempf and is dedicated to lifting up professionals in the real estate and business community. Our inspiration is to highlight success principles of our colleagues.Our Success Series covers principles of success to help your thrive!www.peoplenottitles.comIG - https://www.instagram.com/peoplenotti...FB - https://www.facebook.com/peoplenottitlesTwitter - https://twitter.com/sjkaempfSpotify - https://open.spotify.com/show/1uu5kTv...