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WEKU
WEKU
Erin Kenney

Inflation may be cooling, but the housing market is still too hot for many buyers

Inflation Housing Market Mark Hamrick NAR Lawrence Yun Bankrate CoreLogic National Association of Realtors the Federal Reserve
The median home price has risen to $413,800, the second highest price ever, according to data released Thursday by the National Association of Realtors. (Justin Sullivan/Getty Images)

Inflation has cooled since its peak last summer. Airplane tickets are cheaper, natural gas is cheaper, even eggs are cheaper. But housing? It's stubbornly expensive.

The median home price has risen to $413,800–the second-highest price ever, after June 2022, according to data released Thursday by the National Association of Realtors. This is even as existing-home sales overall are declining.

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