Home prices grow at slowest pace in nearly 2 years

The median U.S. home-sale price rose 0.7% year over year in May — the slowest growth since June 2023. Still, last month's median sale price of $440,997 was the highest of any May in records dating back to 2012. Redfin recently predicted that home prices will start falling on a year-over-year basis by the end of 2025.