US home prices break $400K for the first time ever - Daily Mail
6/22/2022 12:00:00 AM2 years 10 months ago
by Keith Griffith, Reuters
by Keith Griffith, Reuters
The median sales price for existing homes set a new record at $407,600, a 14.8 percent surge compared to a year ago, the National Association of Realtors (NAR) reported on Tuesday.
The median US home price broke above $400,000 in May for the first time, even as the number of sales plunged for the fourth straight month and rising mortgage rates discouraged first-time buyers. M… [+7454 chars]
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