Vanguard: Home Prices Headed Lower This Year
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The Street
The Street
By Dan Weil The median sales price for existing homes has slid 9% from a record high of $413,800 last June to $375,700 in March. Home prices have been in a slump for the last nine months. The median sales price for existing homes has slid 9% from a record high of $413,800 last June to $375,700 in March, according to the National Association of Realtors. DON’T MISS: These Are the Housing Markets That Are Growing the Fastest Soaring mortgage rates were largely responsible, with the 30-year fixed mortgage rate averaging 6.39% in the week through April 20, up from 5.11% a year ago, according to Fr…