Summer 2023 was a season of paradoxes in the housing market. A period marked by low inventory, homeowners' reluctance to sell, suppressed demand, and a low number of closed sales. Despite rising home values and brisk sales, the landscape reflects scarcity and a lack of activity.

At Nuvision Credit Union, we believe in the power of credit unions to help people build their lives, and we want the world to see what it truly means to be part of a credit union. Today, we're inviting all our members to join us on social media and share their Nuvision stories with the hashtag #ilovemycreditunion.

We just had an amazing Nuvision Member Celebration, and we couldn't wait to share the highlights with you! It was a fantastic evening where we celebrated not only our awesome members but also the incredible community partners that help with our mission to build the lives of those in the communities we serve.

In June, U.S. home prices experienced another surge, approaching near-record levels. While some see these highs as a positive sign of a recovering real estate market, many prominent real estate experts caution that the worsening inventory shortage could deter many prospective homebuyers from entering the market. A recent report from Redfin, a real estate brokerage firm, reveals that median home prices rose by 1.9% in June compared to the previous month, reaching an average of $426,056.