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Rejoice. Despair. The Homes Keep Appreciating
Rejoice current US homeowners: Median home prices hit a new April record last month, near $408,000.
Despair would-be US homeowners: Median home prices hit a new April record last month, up near $408,000.
The latest NAR existing home sales report, released on Wednesday, found prices posting a 10th consecutive YoY gain. Property values rose nearly 6% from April of last year. The 5.7% 12-month increase counted as the briskest since October of 2022.
NAR chief economist Lawrence Yun celebrated t
