US home prices have reached a new high, while sales of existing homes have slowed. According to the National Association of Realtors, sales fell 2.4% in June compared to May.

This slowdown in sales comes as mortgage rates have been trending higher. The latest sales figures are below what economists were expecting, and are far from the historic norm.

Further details on the current state of the US housing market are available from the National Association of Realtors and other sources, including the full report on June's existing home sales.