Biden’s Bizarre Home Problem

This is terrible news.

The National Association of Realtors has found that the average price of previously owned houses jumped to a record new high in March even though the overall number of homes being sold was lower than expected.

Prices went up even though demand was low. Something like this could only be possible under President Biden’s watch.

According to Breitbart, Only 5.77 million homes were sold, that was below the forecast of 5.93 million. Compared to last year, home sales are down 4.5 percent.

What’s bizarre about this is that even though home sales are down the price of homes have remained extraordinarily high. The median cost of a hoe in America has risen to $375,300. This is the highest recorded number ever by the National Association of Realtors.

NAR’s chief economist Lawrence Yun explained, “The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power. Still, homes are selling rapidly, and home price gains remain in the double-digits.”