July 29, 2016

GONNA NEED A LOT MORE IMMIGRANTS TO BUILD NEW ONES:

Home prices have finally recovered from the housing crash (Kathryn Vasel, July 28, 2016, CNN Money)

The median home price in the U.S. was $231,000 last month, according to a report from ATTOM Data Solutions (formerly RealtyTrac). That's 9% higher than a year ago and 1% above the previous record of $228,000 hit in July 2005.

Median home prices have be rising on a national level every month for more than four years, and it's created an affordability issue in many housing markets.

Last month, sellers sold their homes for an average of $41,000 more than their purchase price. [...]

[T]here is some good news for buyers: interest rates have remained low.

"The price you can afford goes up every time rates go down," Blomquist said.

Posted by at July 29, 2016 4:04 PM

  

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