Inflation and House Prices: What Homebuyers, Sellers, and Renters Need to Know

Prices are up almost everywhere – from food, to gas, to home prices. In February 2012, the nationwide median sale price of a house in the U.S. was $160,000. More than ten years later, that number is up to a record $412,000.

Homes in markets like Seattle, WA, regularly face bidding wars, while nationwide, nearly 6,000 have sold for $100,000 or more above asking price this year. Home prices have been steadily rising for years, but they have dramatically increased in recent months. Why?

Check out the recent Redfin article we were featured in:

Inflation and House Prices: What Homebuyers, Sellers, and Renters Need to Know