Home prices soared in all 50 major metros in December

The US housing-affordability crisis has long vexed its national leaders — so much so that it landed on President Trump’s long list of Day 1 executive orders, aiming to “lower the cost of housing and expand housing supply.”

But, for now, house prices are still going up. Per Redfin’s latest report, the median US home price jumped 6.3% year over year in December, with prices rising in all 50 of the most populous metros, the first time that’s happened since May 2022’s pandemic home-buying boom.

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