Housing market shows signs of cracking. Here's why

3:20 PM ET Thu, 26 July 2018

The latest numbers in housing aren't pretty at all. Sales of both existing and newly built homes fell in June, the latter to the lowest level since last year. Prices continue to rise, but the gains are slowing. Mortgage applications to purchase both new and existing homes have been falling steadily, and mortgage rates are rising again. Single-family home construction also fell and was lower than June 2017.