Housing Market Hits New Highs Amid Falling Sales | Spokane News

Housing market shocks: Despite record-high home prices hitting $446,000, sales plummeted 2.4%—a surprise to economists. High costs and rising rates are crushing buyer dreams, especially for younger and lower-income households, while wealthier homeowners sit tight, keeping inventory scarce and prices soaring. The scene echoes the 2008 crash, with sales stuck near 4 million units. Meanwhile, the labor market holds steady, but global uncertainty looms over future hiring. 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/f1c5c9317cc45cad