Inflation Nation: Home Prices Rise at Record Breaking Pace to All-Time High
By Gesard in Business
Updated 3 years ago
Home prices across the U.S. are soaring as supply remains low and demand for housing has skyrocketed, squeezing first time buyers. The median existing-home price for all housing types in April was $341,600, up 19.1 percent from April 2020 when the median price was $286,800, the National Association of Realtors said. This is the highest price on record and beats last month's record-breaking 17.2 percent annual gain. This marks 110 straight months of year-over-year gains.