National Association of Realtors says every region in the US saw price jumps in June
The median price for an existing home in the U.S. hit a new record high at $363,300 in June, up 23.4% from a year ago and breaking the previous record set the month prior, according to the latest data from the National Association of Realtors.
Existing home sales also rose in June, rebounding after four consecutive months of declines as more inventory hit the market for hungry buyers.
“Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes, all of which has resulted in an uptick in sales,” said Lawrence Yun, NAR’s chief economist. “Home sales continue to run at a pace above the rate seen before the pandemic.”
It’s only going up because people are working and buying more. And we need 3 trillion dollars for electric stations across the country because the product is purchased in China and illegals will install it. This is good for America move along nothing to see.
So imagine the losses these buyers will take in a few years if they have to sell their house afte the housing bubble breaks.
“Home Prices hit New All Time Highs”
Setting in motion the next economic collapse when the prices come back down.