In this Wednesday, Jan. 13, 2021, file photo, a real estate sign is shown at a home for sale, in Houston.
Demand for homes is pushing prices higher
The median home price is up 16% from a year ago and rose in nearly all of the 183 markets tracked by the National Association of Realtors. CNN's Matt Egan reports on the hot housing market.
1:27 • Source: CNNBusiness
Houses and Homes 16 videos
In this Wednesday, Jan. 13, 2021, file photo, a real estate sign is shown at a home for sale, in Houston.
Demand for homes is pushing prices higher
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MIAMI, FLORIDA - JUNE 21: A 'for sale' sign hangs in front of a home on June 21, 2022 in Miami, Florida. (Photo by Joe Raedle/Getty Images)
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A For Sale sign is displayed in front of a house in Washington, DC, on March 14, 2022.
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NEW YORK, NEW YORK - MARCH 31: A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. As Americans increasingly look for larger spaces now that many are working and educating their children from home, prices of homes have risen an estimated 16% as supply can't meet demand. The number of homes for sale stands at a record low, with only a two-month supply at the current pace of sales.
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A man walks along a street in a neighborhood of single family homes in Los Angeles, California on July 30, 2021.
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A For Sale sign is displayed in Falls Church, Virginia, on April 2, 2022.
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A home, available for sale, is shown on August 12, 2021 in Houston, Texas.
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