The U.S. housing market is facing a "double squeeze" of high interest rates and high housing prices. In June, the sales of existing homes fell by 2.4% compared to the previous month.

According to the Securities Times APP, against the backdrop of high mortgage interest rates and stable high house prices, demand in the US second-hand housing market has cooled again. Data released on Thursday by the National Association of Realtors (NAR) showed that existing home sales in the US fell by 2.4% in June from the previous month, lower than market expectations, indicating that housing affordability remains a major factor suppressing housing demand.