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