According to The Kobeissi Letter, the median asking home price in the US has surged by 6.3% year-over-year, reaching a record $424,985. This significant increase is approximately $50,000 higher since the start of the year. Additionally, the median sale price rose by 3.0% year-over-year to $383,750. These trends indicate a robust real estate market, potentially impacting mortgage rates and investment strategies.