Home Prices Hit Record High As Housing Supply Shortage Worsens

Home Prices Hit Record High As Housing Supply Shortage Worsens
Residential homes are shown under construction in Valley Center, Calif., on June 3, 2021. Mike Blake/Reuters
Bryan Jung
Updated:
0:00

Home prices hit a record high again in May, amid a worsening supply shortage in the housing market.

The sharp jump in mortgage interest rates in last year caused an overheated housing market to slow down, but the slump did not last long.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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