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U.S. house prices hit a record high

U.S. house prices hit a record high | 21 April 2022

21 April 2022, GBP/USD

U.S. house prices hit a record high

GBPUSD trading plan:

U.S. house prices hit a record high in March, fresh data showed. The median price for a U.S. home hit $375,300, up 15% from a year earlier, the National Association of Realtors said in their monthly report on the housing market. But record-high prices, higher borrowing costs and a scarcity of available inventory led the number of existing home sales to fall by 2.7% from February, and by 4.5% from a year earlier. High prices have led to an impressive response from the supply side in the U.S. housing market: both housing starts and building permits remained near-record levels in March.

Investment idea: sell 1.3075 and take profit 1.3010.

David Johnson
Analyst of «FreshForex» company
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