House Prices Hit A New All-Time High...
The cost of homes in the United States hit a new all-time high in May for the fourth consecutive month. However, experts say the "continuous acceleration" of prices may finally be cooling after nearly a year.
The national median listing price for active listings — driven by the lack of available homes – notched $380,000 last month, according to Realtor.com. It marked the tenth straight month of double-digit price increases.
However, the growth rate in median listing prices slowed to about 15.2% in May compared to a year ago. This is slightly lower than the 17.2% increase reported in April compared to a year ago, according to the real estate listings website.
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