Home prices hit another record high in June

Consistently low inventory has pushed prices higher over the past year. The median price for an existing home in June hit an all-time high of $363,300, up 23% over last year. That marks 112 straight months of year-over-year gains.The sales of existing homes — which include single-family homes, townhomes, condominiums and co-ops — rose 1.4% from May to June, breaking four consecutive months of declines. Home sales were up 23% from a year ago — although that comparison is skewed because some regions of the US were still shut down in June of last year due to the pandemic.”Supply has modestly improved in recent months due to more housing

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