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USRT - Stabilizing Median U.S. New Home Sale Prices
iShares Core U.S. REIT
After having plunged from October 2018 through March 2019, median new home sale prices in the U.S. would appear to be stabilizing in recent months, with their initial trailing year average for June 2019 unchanged from the previous month at $319,300.
The decline in median new home sale prices began shortly after 30-year mortgage rates in the U.S. peaked at 4.87% in November 2018, the highest they had been since February 2011, which was nearly a full percentage point higher than the 3.92% recorded in November 2017. In June 2018, however, the average 30-year mortgage