Housing Market Predictions: Median Home Prices Hit New High in May 2022

Median home prices hit a new high breaking the $400k barrier for the first time in history. This is despite rising interest rates and a potential recession. One of the reasons home prices have increased is because of inflation. Additionally wall street hedge funds buying real estate is draining the supply of homes.

These record high home prices are starting to rise at a slower rate, which is good news for the housing market. Despite the news of a housing bubble that will lead to a real estate crash there is still little evidence that it will actually happen.

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