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Median home list prices have been hitting a record pace—topping a $300,000 average in the United States, according to realtor.com® data. The rise in mortgage prices has come with a higher median cost for home loans, which is up nearly 20% to $229,000, over the past five years.
The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer.
Real estate investing can offer a hedge against market volatility while enhancing diversification in a portfolio, but some sectors may outperform others. Retail has become a major question mark for investors amid the rising demand for online shopping with buyers turning to their browsers for purchases.
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