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Apex Trader Funding (ATF) - News

US home prices just hit a record high. Americans are still buying

Washington CNN  —  Homes in America are the most expensive they’ve ever been, according to one measure. The median price of a previously owned US home climbed for the eleventh consecutive month in May, up 5.8% from a year ago, to $419,300, the National Association of Realtors said Friday. That’s the highest price ever recorded by NAR. “Home prices reaching new highs are creating a wider divide between those owning properties and those who wish to be first-time buyers,” NAR’s chief economist Lawrence Yun said in a release. “Still, first-time buyers in the market understand the long-term benefits of owning.”