US home prices are nearing new record highs as inventory drops to all-time low
Home prices in the US flirted with record highs last month, thanks to the shortage in housing supply that's crushing affordability for many buyers.
The median home sales price clocked in at $426,056 in June, posting just a 0.6% decline from the median sales price recorded the previous month, according toIt marks the slowest decline in home prices the housing market has seen in five months. Meanwhile, home prices hovered just 1.5% below the all-time-high median sales price of $432,397 recorded in May of 2022.over the past year.
The housing market now only has around 1.8 months of housing supply available, Redfin data shows, the scarcest supply has been since the pandemic.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What investors need to know about weight loss medicines and suicide riskInvestors could be forgiven if talk of a potential suicide risk associated with a new class of diabetes and weight loss drugs led to skittishness last week.
Read more »
Everything You Need to Know Before Buying a Dinosaur Skeleton for Your HomeA T. rex makes for an awe-inspiring sculptural piece for that awkward-to-fill atrium. But the risks are high.
Read more »
What you need to know for Monday's Denver mayoral inaugurationWhat to expect as Mike Johnston will be sworn in today as Denver’s 46th mayor, succeeding the outgoing mayor, Michael Hancock.
Read more »
Kennedy Expressway Construction Changes: Here's what you need to knowKennedy Expressway Construction Changes: Here's what you need to know
Read more »
The SEC vs. Ripple lawsuit: Everything you need to knowThe court rules that XRP sales to institutional buyers were unregistered securities, giving the SEC a partial victory. Find out what this means for Ripple and the ongoing regulatory landscape.
Read more »
Best pickup trucks and everything you need to know about pickupsFrom compact to heavy\u002Dduty, towing to hauling, pros and cons and more, it\u0027s here, and we pick the Best Truck in every segment
Read more »