Cost of housing soars: How high can it go?

Diana Olick of CNBC reports on the latest macro economic price trend.  In brief, the median price of existing sales, including both homes and condos, rose 7.8 percent over the same period last year.  The cause?  Low inventory.

It's listing season in Incline so the inventory is rising seasonally.  It usually peaks in mid-summer.  Early birds will have the benefit of selection, however, asking prices may be stiff compared to last year.

View CNBC article:

Cost of housing soars: How high can it go?:

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