In June, US home sales increased at their highest-ever pace, supported by historically low interest rates on mortgages, but the housing market remains uncertain due to supply shortages and a high unemployment rate due to the Covid-19 pandemic. The June increase ended a three-month losing streak, but home resale remained below the pandemic. Home sales of existing homes, which make up about 85 percent of US home sales, fell 11.3 percent year-over-year in June.