Hot on the heels of a report that both California and Bay Area home prices reached new highs in May. U.S. home prices followed suit, once again the result of more buyer demand than properties for sale. May saw the most new homes in a decade completed in the U.S. But is it enough? Read more on the @bethanywpatten
- U.S. home prices reached an all-time high of $264,800 in May.
- California and Bay Area home prices also climbed to a new peak in May, a respective $600,860 and $1,088,000.
- While nationwide housing starts are near an 11-year high, that is still 30 percent less than needed to meet buyer demand.