Housing Alert! According to the National Association of Realtors Existing-Home Sales Fell 3.4% in May; Median Sales Price Surpasses $400,000 for the First Time.
Source
Highlights
* Note that fewer homes are being sold but at higher prices:
As you can see in the graph, sales of homes below $500k just really aren't happening!
On the surface, this makes sense. 1st time buyers are getting squeezed out of the market due to rising