A “For Rent, For Sale” sign is seen outside of a home in Washington on July 7, 2022. (Sarah Silbiger/Reuters) Despite rising interest rates and moderating sales activity, the median sales price of homes sold in the United States in the fourth quarter was $467,700, up 10.4 percent year-over-year, according to recent figures from the Department of Housing and Urban Development (HUD).
The problem facing the national real estate market is shrinking inventory levels, industry leaders told a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing on Thursday titled “The State of Housing 2023.”
Recent data from the National […]
Article Source: www.theepochtimes.com
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