Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.

Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.

Frustrated sellers are pulling their homes off the market at an increasingly high pace, as demand weakens and bidding wars wane.

Analysts say the deal between Berkshire Hathaway and Taylor Morrison signals that the housing market may have bottomed.