CNN BUSINESS | Home prices hit a new record, because there simply aren’t enough houses for the crush of buyers

Home prices are setting new records as buyers scramble for an accepted offer amid a continuing inventory crunch.

The median sale price was a record high $329,100 in March, according a report from the National Association of Realtors. It was the highest median price since NAR began tracking in 1999. The median price, which includes existing single-family homes, townhomes, condominiums and co-ops, was up a record 17.2% from a year ago.  —read more—