From Yahoo Finance: 2024-05-02 14:01:00

Home prices in all major US metro areas have either risen or stayed flat for the first time in nearly two years due to a housing supply shortage. The median home-sale price hit a new record of $383,188, up 4.8% from last year. Anaheim, Calif., saw a 20% increase in prices, while West Palm Beach, Fla., rose 13.4%. Mortgage rates have surpassed 7%, with the 30-year fixed rate at 7.22%. The Federal Reserve is keeping rates steady, indicating they may stay the same. Median asking prices reached a record $420,450, impacting the spring home-buying season.



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