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News Link • Housing

Don't Expect Home Prices To Go Down Anytime Soon, Say Experts

• Zero Hedge

Authored by Mary Prenon via The Epoch Times (emphasis ours),

As the seller's market persists throughout most of the United States, prices continue to rise and affordable housing appears to be slipping through the fingers of the average American.

The National Association of Realtors (NAR) reported the highest ever national median sales price of $419,300 for a single-family home in May.

"We're actually forecasting that home prices will continue to grow based on the lack of inventory and demand for home ownership," Jessica Lautz, NAR deputy chief economist and vice president of research, told The Epoch Times


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