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Victor Whitman is chief reporter at Scotsman Guide Media.
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The median single-family home price hit a new
national peak of $269,000 this past second quarter.
Home prices rose in 90 percent of the 178 markets
tracked, the National Association of Realtors
reported. In the nation’s most expensive cities,
home prices also rose to new heights.
“It doesn’t seem like the inventory woes
are going to be over anytime soon,
but there are a couple of data points
that give us a glimmer of hope.”
Senior economist, Trulia
Vice president of industry analysis,
Mortgage Bankers Association
“The economic outlook continues to
support good loan performance.”
rises to the top in Q2
All generational groups under the age of 54
saw an uptick in their homeownership rates
in the second quarter of 2018, the U.S. Census
Bureau reported. The 55-64 and the over- 65
age groups recorded a slight decline. The rate
for millennials, or people under the age of 35,
however, posted the largest quarterly increase,
1.2 percentage points, to reach a 36. 5 percent
Source: National Association of Realtors
Source: U. S. Census Bureau
Metros with Highest Median Home Prices
U.S. Homeownership Rates by Age, Q2 2018
as of Q2 2018