We are very close to getting this balance nationally and in some markets we're already there. The affordability issues we are now seeing make the housing market more balanced in the supply levels between buyers and sellers.
Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month. Year-over-year, sales waned in the Northeast, Midwest, and South but were unchanged in the West.
#existing-home-sales #housing-market-balance #housing-affordability #real-estate-trends #mortgage-rates
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