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MarketMinute | What's the highest median existing home price ever?
Apr 22
3:29
AM
Category | Markets in a Minute
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- Inflation and higher mortgage rates are taking their toll on the nation’s homebuilders. Builder confidence fell for the 4th straight month in April.
- Housing starts rose unexpectedly in March, increasing 0.3%. However, starts for single-family housing tumbled amid rising mortgage rates.
- The median price of an existing home sold in March was $375,300, a 15% year-over-year increase and the highest median price ever recorded.