U.S. Home Prices Surge in Q2 to New Record High

U.S. home prices increased during the second quarter of the year, amid higher demand and a limited supply of available homes.

Data by the National Association of Realtors showed on Thursday that the median sales price for single-family existing homes increased in 94% of metropolitan areas across the United States by more than 10% on an annual basis.

The median home price rose by 22.9% in Q2 to $357,900, hitting a new record high.