Home prices just smashed another record high in June

Home prices hit a new record in June amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.

Prices increased 5.4% nationally in June when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 5.9% pace recorded the previous month.

On a monthly basis, prices climbed 0.2%, according to the index.

"The upward pressure on home prices is making this the...