Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
Prices keep rising because this spring’s inventory is lower than usual. The sliver of good news for buyers is that mortgage rates have declined slightly. The median U.S. home-sale price hit a record $387,600 during the four weeks ending May 19, up 4% from a year earlier. Weekly average mortgage rates dipped to 7.02% from … Continue reading Home Prices Hit Another Record High, Pushing Pending Sales Down 4%
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