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Home prices across the U.S. hit an all-time high

  • U.S. median existing-home price hit a record $440,660 in June (up 1.8% year-over-year) — prices have risen 36 months straight.
  • Affordability is strained: fewer than 4 in 10 non-homeowners can afford a typical $200,000 starter home, and buyers need roughly $117,000 a year to afford the average house.
  • A bipartisan housing bill to ease costs passed Congress but is stuck after the president delayed signing it, leaving its fate unclear.
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