U.S. Median Home Price up 6.8% Year-Over-Year

The National Association of Realtors®(NAR) has reported that lower mortgage rates in January, helped to increase the number of house hunters. It also helped to push the U.S. median home sale price up 6.8% from one year ago. Up from $249,000 in January 2019 to $266,300 in January 2020. However, the NAR warns that home sales could be squeezed in the coming months because of a shortage of homes listed for sale.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.