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The median US home price hit an all-time high of $440,600 in July, up for 36 consecutive months, according to the National Association of Realtors. Qualifying for that median home at today’s roughly 6.95% mortgage rate requires an income near $95,000 a year — well above the $80,610 US median household income, leaving first-time buyers the most squeezed in four decades. The deeper structural problem: over 80% of existing mortgage holders are locked into rates below 4%, meaning most won’t sell and trade up to nearly 7%. That keeps existing-home inventory frozen at 4.5 months of supply against the 6 months considered balanced. This isn’t shaping up as a 2008-style crash — it’s a market where almost nobody is transacting at all. This is NOT financial advice. Invest at your own risk. Follow for daily business and market news #housingmarket #houseprices #housing #stocknews #businessnews