IPFS News Link • Housing
Huge Headwinds for Housing: Price, Rising Mortgage Rates, Supply
• themaven.net by Mike Mish ShedlockEarlier today I noted Existing Home Sales Drop 3.6% as Supply Hits 19-Year Low. But supply is not the only issue affecting home sales.
Median Sales Price Existing Homes
Graph from Y-Charts, anecdotes mine.
Since January 2013, the median sales price of existing homes has risen by $76,200. That's a percentage increase of 44.7%. The BLS does not count this as inflation.
Average Hourly Wages