Home Prices Hit $405K as Buyers Face Perfect Storm
Median home prices reach $405,000 while 6.22% mortgage rates squeeze buyers. Housing affordability hits levels not seen in decades.
Mar 23, 2026eSNAP Team4 min read
3 articles tagged with "real estate"
Median home prices reach $405,000 while 6.22% mortgage rates squeeze buyers. Housing affordability hits levels not seen in decades.
Median home prices hit $405K while mortgage rates hover at 6.22%. Here's what the math means for your wallet.
With mortgage rates at multi-decade highs and prices remaining elevated, we analyze whether the housing market is headed for a correction or establishing a new equilibrium.