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The Economic Times
The Economic Times
Trending Desk

Why home prices are rising in US and buying a house is becoming more difficult for middle-class Americans

United States Home Prices Jonathan Miller San Francisco West Palm Beach Redfin Stock Market The United States

The median home price in the United States reached a new record of $408,776 in June, reflecting a housing market increasingly driven by wealthy buyers while making homeownership more challenging for many Americans.

According to new data from Redfin, the median sale price increased 2.2% compared with the previous year, marking the highest level ever recorded nationwide.

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