Housing prices hit another record

CNN - The median existing home price climbed to $252,800 in May, according to the National Association of Realtors, exceeding the peak hit in June 2016 of $247,600.

At this point, home prices have been rising every month for more than five years.While that's good news for home sellers, buyers are having a tough time finding homes they can afford.

Cities across the U.S. are facing major housing shortages, which means buyers have to compete for homes with bidding wars and offers well above asking price.