The pandemic and low interest rates have fueled demand in the housing market. Low inventory is putting US home prices at a record high. CNN’s Vanessa Yurkevich reports.
A Fort Myers home recently sold for $200,000 above the original asking price. Realtors and finance experts say cash buyers putting in high bids are pricing out buyers who rely on financing from banks.
Credit: FOX 4 Now Florida Duration: 02:31Published
![US home prices are at a record high [Video]](https://video.newsserve.net/300/v/20210528/2105281251-US-home-prices-are-at-record-high.jpg)
![Cash buyers raising home prices [Video]](https://video.newsserve.net/300/v/20210517/2105172310-Cash-buyers-raising-home-prices.jpg)
![Lumber prices nearly four times higher than last year, hurting home builders & buyers [Video]](https://video.newsserve.net/300/v/20210512/2105122245-Lumber-prices-nearly-four-times-higher-than-last.jpg)
