Reported 4 months ago
National home prices have hit another record high, marking the 9th time in 12 months. The housing sector continues to see widespread and sustained growth, with prices rising by 6.5% year-over-year in March. Major cities like San Diego and New York recorded significant price increases. However, the Sunbelt region is experiencing some of the largest rent declines due to increased housing supply. The current housing shortage necessitates more construction to address the affordability crisis.
Source: YAHOO