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Home prices in the US hit another record, but sales are slowing down
CNN
Home prices in the US continued to climb in May, rising at the fastest pace on record and reaching new highs. But those high prices and continued low inventory are squeezing would-be buyers out of the market.
The median existing home price in May was $350,300, according to a report from the National Association of Realtors, up 24% from last May when the median price was $283,500. That's the highest price on record and marks 111 straight months of year-over-year price gains.More Related News