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Home prices hit a new high in May as inventory remained woefully low

US home prices hit a record high in May, according to a new report, and affordability remains a challenge for many homebuyers.

Home prices rise for first time in seven months: Black Knight

Lower mortgage rates during the early part of the month, along with fewer properties for sale helped to drive values higher.

HELOCs are now raging back

A combination of fast-rising home values and the fact that nearly two-thirds of borrows with at least some home equity have mortgage rates below 4% and would not benefit from refinancing is helping to propel a resurgent market for home-equity lines of credit (HELOCs).

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