U.S. Existing-Home Prices Hit Record High in May
Posted on AllSides June 22nd, 2021
From The Center
U.S. home prices in May experienced their biggest annual increase in more than two decades, as a shortage of properties and low borrowing rates fueled demand.
The median existing-home sales price in May topped $350,000 for the first time, the National Association of Realtors said Tuesday. The figure was nearly 24% higher than a year ago, the biggest year-over-year price increase NAR has recorded in data going back to 1999.
Sales prices have been climbing sharply since last summer, when lockdowns related to the Covid-19 pandemic eased across the country and...
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