Consistently low inventory has pushed prices higher over the past year. The median price for an existing home in June hit an all-time high of $363,300, up 23% over last year. That marks 112 straight months of year-over-year gains.More from Financial Empowerment How much house can I afford?The sales of existing homes -- which include single-family homes, townhomes, condominiums and co-ops -- rose 1.4% from May to June, breaking four consecutive months of declines.
Read More"At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year," Yun said."Ideally, the costs for a home would rise roughly in line with income growth, which is likely to happen in 2022 as more listings and new construction become available.
Your town hall with sleepy joe was a joke no wonder no one watches this fake news crap
Gee, could the increase be because of the thousands of people who lost their home because the bank foreclosed on them during a pandemic?
We need to ban hedge funds from buying or owning homes.
Home, food, doctors visits, medicines, transportation just about everything has gone up with people having little or no money..... Ridiculous.
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