Median home price hits all-time high in U.S.
The price of buying a home in America has reached a new record.
According to the National Association of Realtors, the median existing home price climbed to an all-time high of $440,600 in June.
Thatβs up nearly 2% from a year ago. At the same time, existing home sales fell 2.4% in the same month because of high mortgage rates and record home prices.
The average 30-year mortgage rate is currently near its highest level this year at almost 6.5%.
