Home prices hit another record high in April, rising 6.3% compared with the year before. It marks the second straight month prices jumped at least 1% over the previous all-time high.
The cost of buying a home is 46% higher than it was in early 2020, with the median sale price now five times the nation’s median household income.
This week, Treasury Secretary Janet Yellen announced new steps to address the housing crisis as it becomes a bigger issue in the election campaign. The investments include $100 million over three years to support affordable housing efforts.
