• 27 - U.S. Home Prices Hit an All-Time High in April

  • May 27 2024
  • Duración: 1 h y 17 m
  • Podcast

27 - U.S. Home Prices Hit an All-Time High in April Por arte de portada

27 - U.S. Home Prices Hit an All-Time High in April

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  • The median home sale price rose 6% year-over-year to $434,000 in April, driven by a lack of new home listings. The total number of homes for sale reached a four-year high, partly due to some homes sitting on the market after being priced too high. About 18% of homes had a price cut, up from 12% last year. Some Hot markets saw roughly three-quarters of homes sell for more than their asking price. Despite higher mortgage rates, buyers can still find some room to negotiate in certain areas. New listings increased, but remained below pre-pandemic levels, as many homeowners feel "locked in" by low mortgage rates.

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