1. Home
  2. News
  3. Finance News
  4. Home Prices

Home Prices

U.S. median home prices topped $400,000 in May for the first time

At the same time, an industry report shows that affordability is at a 15-year low

The housing market remains a bundle of contradictions as prices rise and sales decline. For the first time ever, the median home price hit $400,000 in May, as Zillow reports home affordability fell to a 15-year low.

The National Association of Realtors (NAR) reports that existing-home sales declined in May for the fourth straight month, falling 3.4% from April. Over the last 12 months, sales have declined by 8.6%.

At the same time, buyers continue to pay more for homes. I...

Not sure how to choose?

Get expert buying tips about Home Prices delivered to your inbox.

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Recent Articles

    Newest
    • Newest
    • Oldest