Continued strong demand pushed the median U.S. home price to a record high in June, though the national house-buying frenzy cooled slightly as supply ticked higher. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association of Realtors said Thursday. June sales rose… Continue reading U.S. Median Home Price Hit New High in June
Tag: housing market
Struggling Rental Market Could Usher in Next American Housing Crisis
A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into eviction and leave landlords short billions of dollars. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut… Continue reading Struggling Rental Market Could Usher in Next American Housing Crisis