Home Prices Hit a Record High, Inflation Cools, and a New Housing Law Just Passed

Home prices hit a new all-time high of $440,600 this week — the 36th straight month of year-over-year gains — while the June CPI report showed inflation cooling faster than expected, dropping 0.4% month-over-month, the largest one-month decline since April 2020. Matt Lombardi and Steve Kaempf break down what's driving the numbers, why gas and energy prices are doing the heavy lifting on inflation,…