{"id":14163,"date":"2021-07-30T09:00:00","date_gmt":"2021-07-30T16:00:00","guid":{"rendered":"https:\/\/www.roomvu.com\/academy\/?p=14163"},"modified":"2021-08-02T00:40:22","modified_gmt":"2021-08-02T07:40:22","slug":"housing-prices-hit-new-high-in-june","status":"publish","type":"post","link":"https:\/\/www.roomvu.com\/academy\/housing-prices-hit-new-high-in-june\/","title":{"rendered":"Housing Prices Hit New High in June, Up 23%"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<iframe width=\"640\" height=\"480\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/real-estate-trends\/high-june-housing\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p class=\"has-drop-cap\">The median sale price of an existing home increased <strong>2.4% y-o-y to $363,300<\/strong> in June as purchase broke a 4-month streak of declines. (NAR)<\/p>\n\n\n\n<p>Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes. <\/p>\n\n\n\n<p>While the sharp increase in prices has created a windfall for homeowners, it also raised alarms among economists and affordable housing advocates. <\/p>\n\n\n\n<p>Many potential first-time buyers are already priced out of the market, and expanding the housing supply enough to drive down prices could take years. <\/p>\n\n\n\n<p>Huge wealth gains from both housing equity and the stock market have nudged up all-cash transactions. <\/p>\n\n\n\n<p>But first-time buyers who need mortgage financing are being uniquely challenged with record-high home prices and low inventory. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.roomvu.com\" target=\"_blank\" rel=\"roomvu.com noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"178\" src=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg\" alt=\"\" class=\"wp-image-12734\" srcset=\"https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1024x178.jpg 1024w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-300x52.jpg 300w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-768x133.jpg 768w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1536x266.jpg 1536w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-scaled.jpg 2048w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-1250x217.jpg 1250w, https:\/\/www.roomvu.com\/academy\/wp-content\/uploads\/2021\/04\/Banner-400x69.jpg 400w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The median sale price of an existing home increased 2.4% y-o-y to $363,300 in June as purchase broke a 4-month streak of declines. (NAR) Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes. While the sharp increase in prices has created a windfall for homeowners, it &hellip;<\/p>\n","protected":false},"author":1,"featured_media":14172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[917],"tags":[],"class_list":["post-14163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Prices Hit New High in June, Up 23% - roomvu Academy<\/title>\n<meta name=\"description\" content=\"Supply has modestly improved in recent months due to more housing starts and existing homeowners listing their homes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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