Homes got even pricier and harder to afford in most US cities
CNN
Of 185 metro areas tracked, 70% saw double-digit growth in median home prices during the first quarter of 2022 compared to a year before, according to a report from the National Association of Realtors. The number of cities with double-digit increases had been dropping from 94% in the second quarter of last year to 78% in the third quarter and down to a revised 66% at the end of last year.
But prices in early 2022 cranked back up in many places. The median price of a single-family home in the US was $368,200 in the first quarter, up 15.7% from a year earlier, according to the report.
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