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News Link • Housing

Huge Headwinds for Housing: Price, Rising Mortgage Rates, Supply

• by Mike Mish Shedlock

Earlier 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

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