Home prices this summer have hit a new all-time high in a majority of the US

• Home prices hit a new-all-time high across the US in June as the shortage in inventory drags on.
• Prices reached fresh peaks in 30 out of 50 housing markets tracked by Black Knight, the firm said in a new report.
• Meanwhile, the housing market is short around 3.8 million units, per an estimate from Freddie Mac.

Home prices notched a new record this summer in the majority of the US, reflecting a massive shortage in inventory that's spawned an increasingly unaffordable housing market.