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U.S. March Existing-Home Sales Drop on Tight Supply — 2nd Update


Provided by
Dow Jones
By Nicole Friedman
The relentless climb in U.S. home prices and tightening supply threaten to cool the hottest housing market in 15 years, sending frustrated home buyers to the sidelines.
The median price for existing home sales rose to $329,100 in March, a new high according to the National Association of Realtors. Prices soared 17.2% last month from a year earlier, marking the biggest price increase in NAR data going back to 1999.
Steepening prices, combined with a scarcity of inventory that has left the U.S. housing market millions of homes short of buyer demand, have taken some steam out of the market at the start of the peak spring selling season. ....

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The Daily 202: Biden's CIA chief sounds warning about Afghanistan withdrawal

The Daily 202: Biden's CIA chief sounds warning about Afghanistan withdrawal
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Global housing market revisits 2006 bubble - Insights from The Wall Street Journal


Limited inventory, low interest rates and bidding wars are driving prices sky-high, reports The Wall Street Journal’s Nicole Friedman.
Limited inventory, low interest rates and bidding wars are driving prices sky-high, reports The Wall Street Journal s Nicole Friedman.
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Cyril Ramaphosa: The Audio Biography
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