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They have come roaring back. part of that is due to the economic growth during the end of president obama's term as well. $263,800 for an average home prize is a record high. for consumers, their wealth is tied up in their home. we are going to talk stocks next, but it's housing prices. >> half of the country is not invested in the market at all. >> so many people feel burned by the crisis and economic scandals and corporate scandals. >> this is where their money is tied up. talk about the others. the president talks about record highs and would love reporters to talk about it more than we do,...

A fascinating number in the housing market. existing home sales fell in june as prices hit record highs. sales of previously owned homes basically have been flat since march. the problem here -- simple supply and demand. demand is surging due to a strong economy, improving job market, new millennial home buyers. but there isn't supply. inventory hasn't caught up. sending the median sales price up 6.5%, 263,800, a record high. many homeowners are staying put as prices rise. first-time home buyers are not finding affordably priced homes. more people are renting. a study finds the more u.s. house...

Strengthening economy, new millennial home buyers, and improving job market. inventory hasn't caught up at all. sending median sales' prices up 6.5% in june. a record high. for an existing home, $263,800, a record high. many homeowners are simply staying put as prices rise. so first-time home buyers are not finding affordably priced homes which means more are renting. a study finds more households are renting than at any point since 1965. and a majority of people cite financial reasons. isn't that interesting? >> fascinating. never heard that. >> i love that millennial homebuyers are coming in...