U.S. Median-Home-Price Rises Are Double the Inflation Rate [TheStreet.com]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: TheStreet.com
It’s no secret that U.S. home prices are sky-high, but new data show that increases in median sale prices of residential property are way ahead of the nation’s already high rate. The annual inflation rate through June was 9.1%. According to, the increase in the median sale price per square foot of new single-family homes has significantly outpaced overall inflation since 2020. Overall, the median sale price of new single-family homes has increased 515% since 1980, Clever notes in its report. “In 2021, the median sale price was $397,100, compared to 1980's $64,600. The rise in the median sale price has exceeded the rise in median square footage by 928% since 1980.” Now, with the median sale price per square foot exceeding overall inflation by 139% in the past two years, housing prices “have really jumped since the pandemic started, which these numbers confirm,” the report noted. Some regional home prices, as measured by Clever, are really out of whack. For example, the U.S. city
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PNC
Earnings
- 4/16/24 - Beat
PNC
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/16/24 - Form 8-K
- PNC's page on the SEC website