New Economy
Thursday, 7/9, 04:37 PM
US Home Prices Hit a Record $408,838 as Affordability Keeps Slipping
- The median US home sold for a record $408,838 in the four weeks to late June, up 2.5% from a year earlier, with the typical existing home now costing more than $400,000 for the first time.
- With mortgage rates stuck near 6.5%, monthly payments have started rising again, squeezing buyers even as price growth cools.