MoneyConsumer

Actions

Home prices rose this summer across the nation

Posted

(KERO) — Home prices across the U.S rose this summer, despite the housing market cooling. That's according to a new report by the National Association of Realtors.

It tracked home prices in 185 cities over the summer and found prices increased in all but four cities. Nearly half the cities saw double-digit increases from 2020.

The price jumps have since slowed substantially due to the rise in mortgage rates. But, experts say because of both rising prices and rates, the median income now needed to buy a typical home is 88, 300 dollars.

That's almost 40 thousand dollars more than it was prior to the start of the pandemic.



,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Friday

04/18/2025

Clear

-° / 52°

1%

Saturday

04/19/2025

Clear

82° / 54°

1%

Sunday

04/20/2025

Clear

85° / 57°

0%

Monday

04/21/2025

Clear

87° / 59°

0%

Tuesday

04/22/2025

Mostly Clear

88° / 59°

0%

Wednesday

04/23/2025

Mostly Clear

86° / 55°

0%

Thursday

04/24/2025

Partly Cloudy

79° / 53°

4%

Friday

04/25/2025

Partly Cloudy

73° / 52°

9%