The latest data news from the housing market included new records being achieved in single-family home and condominium sales, the 30-year fixed-rate mortgage crashing through the 4.5% level, and a warning from a prominent industry economist on the potential for a recession created by the Federal Reserve.
The Price Is High: On the single-family home front, a new record was achieved in March when the median listing price hit $405,000, according to data from Realtor.com, a unit of News Corp’s (NASDAQ:NWS) (NASDAQ:NWSA) subsidiary Move, Inc. This marked a 13.5% year-over-year increase.
