The Price of Unaffordability: A 34 Month Streak of Skyrocketing Home Prices The latest numbers from the National Association of Realtors paint a stark picture of an American Dream rapidly becoming a luxury only the wealthiest can afford.
In April, the national median existing home sales price reached an all time high of $417,700, marking the 34th consecutive month of year over year price appreciation.
This relentless upward trajectory has been fueled by a combination of stubbornly high mortgage rates, persistent inflation, and a woefully inadequate supply of housing.