Real Estate Median Prices Reach All-Time High
In the ever-changing market, one thing that remains sure is that housing prices will steadily rise over time. But housing prices have spiked at the fastest pace we’ve seen in about 15 years.
Just as the median existing-home price has touched record highs just above $300,000, the month's supply of existing homes for sale has touched lows.
The interesting trend we’ve seen is that buyers have little to no interest in where the property is, whether it be in a metropolitan area or smaller cities. New & existing homeowners are eager to scoop up properties, as interest rates have remained low. As well as mortgage debt steadily falling, bringing about a rise in price to U.S. properties.