Wall Street

Should You Buy or Should You Rent: Housing Woes

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The Street

By Dan Weil Overall home prices soared 20.4% in the 12 months through April, according to the S&P; CoreLogic Case-Shiller Index. As you’re undoubtedly aware, housing costs have soared during the pandemic. The median existing-home sale-price hit $407,600 in May, up a hefty 14.8% from May 2021, according to the National Association of Realtors. This marks 123 consecutive months of year-over-year increases, the longest streak in NAR records. Overall home prices soared 20.4% in the 12 months through April, according to the S&P CoreLogic Case-Shiller Index. “We continue to observe very broad streng…

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