Homes Soaring in Price, Sales Stagnant | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews Home sales dipped in June, falling 2.4% from May to a 4.09 million annual rate—slightly below forecasts. Yet prices keep climbing, hitting a record $446,000, the highest since 1999, fueled by tight supply and stubborn inflation. Mortgage rates remain elevated, making homeownership harder to achieve, especially as transactions barely budged year-over-year, leaving the market stuck between soaring costs and sluggish demand. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/45f76eb3ffb49a4a