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Median US home price projected to hit $1 million by 2050 — right as millennials retire
Millennials planning for retirement may need to prepare for a vastly different real estate landscape.According to new projections from National Association of Realtors (NAR) chief economist Lawrence Yun, the national median home price is on track to hit $1 million by 2050 — just as millennials reach the traditional retirement age."Essentially, in about 25 years the national median home price will be a million dollars," Yun said at a conference in Washington, D.C., on Tuesday. "It may be hard to envision that, but back in 1990, the national median price was $90,000."MORTGAGE RATES TICK HIGHER,...4 days ago
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