U.S. home prices hit a record high as sales fell; experts explain the trends

U.S. median home prices hit a record high for the second month in a row as sales continued to fall in June, with potential buyers lying in wait for lower mortgage rates, according to a new report. Existing home sales fell 5.4% from May to June, when median home prices reached their highest level since prices were first tracked by the National Association of Realtors in 1999.