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As summer unfolds, the U.S. housing market has recently hit some <a href="https://www.benzinga.com/news/large-cap/24/07/39909262/us-home-sales-see-sharpest-monthly-decline-in-1-5-years-as-record-high-prices-keep-buyers-on-the-s">considerable milestones that demand attention</a>, according to data released recently by the National Association of Realtors (NAR). 



In June 2024, existing home sales took a sharp dip of 5.4%, the most substantial drop since November 2022.



At the same time, the median home price soared to a new high of $426,900, marking a 4.1% increase from the previous year. Inventory also saw a rise, with the total number of homes on the market climbing to 1.32 million units, up 3.1% from May and a substantial 23.4% from the previous year.



These figures indicate a market in flux, where homes are lingering longer, and buyers face increasingly steep prices. With these changes, understanding the current and future state of the real estate market is more crucial than ever. 



This news makes Benzinga&#8217;s next <a href="https://www.benzinga.com/events/">virtual event</a> even more timely than ever to explore these trends in detail and gain insights from leading industry voices.



<h1 class="wp-block-heading">Where Can I Learn More?</h1>



The <a href="https://www.benzinga.com/events/real-estate-summit-august-2024/">Benzinga 2024 Real Estate Summit</a>, scheduled for Aug. 1, offers an important opportunity to delve into these market shifts. The summit has an eclectic lineup of professionals with extensive experience in the real estate field. 



Among those featured in the summit include: Jay Sugarman, CEO of Safehold Inc., leads a company specializing in long-term ground leases, offering a distinctive perspective on property ownership and investment; Richard Anderson, managing director and equity research analyst at Wedbush Securities, is known for his detailed analysis of real estate investment trusts, providing a comprehensive view of their market impact; Robert Trout, from Macquarie U.S. Equities, focuses on real estate equities, thoroughly understanding market trends and valuations and Adam Demuyakor of Wilshire Lane Capital contributes his background in real estate investment and asset management, reflecting his role in evaluating complex investment opportunities.



<h1 class="wp-block-heading">Why Attend the Benzinga Summit?</h1>



Attending this Summit will provide a comprehensive overview of the current real estate environment and its future trajectory. Sessions led by experienced professionals will offer attendees a clear understanding of market conditions and practical approaches to navigate them, making it a valuable investment of your time.



To learn more about the Benzinga 2024 Real Estate Summit and register, visit <a href="https://www.benzinga.com/events/real-estate-summit-august-2024/">Benzinga&#8217;s Event Page</a>. Engage with leading experts and gain valuable knowledge about the evolving real estate market.



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U.S. housing market faces challenges as home sales drop and prices rise. Join Benzinga&#39;s virtual event on Aug. 1 to gain insights from industry leaders.

Record High Home Prices, Falling Sales: What Does It All Mean?

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