{"id":1415885,"date":"2022-04-02T08:14:46","date_gmt":"2022-04-02T12:14:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1415885"},"modified":"2022-04-02T08:14:53","modified_gmt":"2022-04-02T12:14:53","slug":"u-s-median-home-price-hits-record-405k","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-median-home-price-hits-record-405k\/","title":{"rendered":"U.S. Median Home Price Hits Record $405k"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-median-home-price-hits-record-405k%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1415885&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>CFRA Research Director Ken Leon says surging home and construction prices due to supply chain issues still signal a tenuous real estate market.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/real-estate\" target=\"_blank\" rel=\"noopener\">Housing prices<\/a> in the U.S. hit a record high in March.<\/p>\n<p>The median <a href=\"https:\/\/www.foxnews.com\/category\/house-and-home\" target=\"_blank\" rel=\"noopener\">home<\/a> price in the country was $405,000, according to Realtor.com\u2019s latest Monthly Housing Trends Report, which the company published on Thursday, March 31.<\/p>\n<p>Data from the report shows the record-breaking median listing price is up 13.5% from March 2021. Compared to March 2020 \u2013 the start of the COVID-19 pandemic \u2013 the current March 2022\u2019s median listing price is up 26.5%.<\/p>\n<p>Despite the record <a href=\"https:\/\/www.foxbusiness.com\/category\/lifestyle-and-budget\" target=\"_blank\" rel=\"noopener\">price tag<\/a>, the experts at Realtor.com believe the housing market is set to &#8220;moderate&#8221; in the near future.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/buying-starter-home-cheaper-than-renting-many-us-cities\" target=\"_blank\" rel=\"noopener\"><strong>BUYING STARTER HOME IS CHEAPER THAN RENTING IN MANY US CITIES: REPORT<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/03\/931\/523\/House-For-Sale-iStock.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>The median home price in the U.S. in March 2022 was $405,000, according to Realtor.com.<\/span><span> (iStock)<\/span><\/p>\n<\/div>\n<\/div>\n<p>&#8220;Buyer demand is moderating in the face of high costs, and we&#8217;re beginning to see more homeowners take price cuts on their listings and overall inventory declines lessen in response,&#8221; said Realtor.com\u2019s Chief Economist Danielle Hale, in a statement.<\/p>\n<p>&#8220;Assuming all these factors and new construction hold steady, we could begin to see inventory increases this summer \u2013 welcome news for buyers who have endured pandemic home shopping and can continue their journey despite higher buying costs,&#8221; Hale continued. &#8220;For buyers currently in the market, there&#8217;s good reason to aim to find a home before interest rates increase further. But if it takes longer than a few months, don&#8217;t give up hope, as there may be\u00a0more to choose from\u00a0in the summer months.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/lifestyle\/offer-strategies-home-buyers-try-win-bid-zillow-real-estate-agents\" target=\"_blank\" rel=\"noopener\"><strong>OFFER STRATEGIES HOME BUYERS SHOULD TRY TO WIN THE BID: REAL ESTATE AGENTS<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p>While the national listing price median for March was $405,000, home prices varied significantly in the 50 U.S. metro areas Realtor.com evaluated, which it selected based on size.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2018\/09\/931\/523\/home-cost-istock.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>California was home to three of the priciest housing metros in the country in March 2022, according to Realtor.com&#8217;s Monthly Housing Trends Report.<\/span><span> (iStock)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Not so surprisingly, California was home to some of the most costly home price medians in the country.<\/p>\n<p>The Golden State\u2019s San Jose-Sunnyvale-Santa Clara had a home sale median that nearly reached $1.4 million while San Francisco-Oakland-Hayward had a home sale median the $1.04 million. San Diego-Carlsbad came in third place with a home sale median of $884,000.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/lifestyle\/viral-tiktok-video-makes-fun-competitive-home-buying-market\" target=\"_blank\" rel=\"noopener\"><strong>VIRAL TIKTOK VIDEO MAKES FUN OF COMPETITIVE HOME BUYING IN THE CURRENT MARKET<\/strong><\/a><\/p>\n<p>Outside California, Boston-Cambridge-Newton, Mass.-N.H.and Seattle-Tacoma-Bellevue, Wash. tied with a median of $755,000.<\/p>\n<p>The four U.S. metros that had the lowest median home sale prices on Realtor.com\u2019s list were Buffalo-Cheektowaga-Niagara Falls, N.Y. ($225,000), Pittsburgh, Pa. ($223,000), Rochester, N.Y. ($220,000) and Cleveland-Elyria, Ohio ($199,000).<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/04\/931\/523\/house-for-sale-iStock.jpg?ve=1&#038;tl=1\" alt=\"image\" \/><\/div>\n<div class=\"caption\">\n<p><span>Cleveland-Elyria, Ohio was the U.S. metro on Realtor.com&#8217;s list that had the lowest median home sale price in March 2022, which was $199,000.<\/span><span> (iStock)<\/span><\/p>\n<\/div>\n<\/div>\n<p>Last year, mortgage-finance company Freddie Mac estimated that the U.S. had a shortage of 3.8 million homes, which has likely contributed to the competitive home-buying market.\u00a0<\/p>\n<p><a href=\"http:\/\/www.foxbusiness.com\/apps-products\"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/u><\/strong><\/a><\/p>\n<p>Realtor.com reports that home construction in the U.S. is near 16-year highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CFRA Research Director Ken Leon says surging home and construction prices due to supply chain issues still signal a tenuous real estate market. Housing prices in the<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1415885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1415885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1415885"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1415885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1415885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1415885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1415885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}