Nationwide, the median home price in June rose to $295,300, driven by low inventory — a factor influencing the market even before the pandemic — and pent-up demand, said Lawrence Yun, chief economist for the National Association of Realtors. “Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply,” he said.
“I was anticipating that it would go fast but my realtor was also really surprised by how high it went,” Kolton said. “She told me there were 50 buyers looking at four or five houses, including mine, over the past weekend.” Even far from the hot spots of coastal metro areas, Moote said it took a while to get an offer accepted. “The market in the area we’re in is still really competitive. The day before we put an offer in on this one, we had an offer on another home declined,” she said.
Less rioters in the suburbs too...
Lol someone is stuck with houses they can't sell at the top of the housing market...
NBC PUSHES FEAR AND IGNORES THIS
This is complete nonsense. House prices should fall.
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