Cheddar News

New Home Sales Hit Pandemic-Low As Prices Continue to Climb

After more than a year of frenzied home-buying and sky-high prices, it seems the pandemic-induced housing boom is coming to a close. Sales of new homes dropping to their lowest levels in June since the pandemic started, down almost 20% from the same time last year. It comes as existing home prices continued to grow in last month, with the median price hitting a record $363,300 in June, up 23% over the last year.

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