Why Are Home Prices So High?

Why Are Home Prices So High?

The dream of owning a home in the United States is becoming increasingly difficult for many, as housing prices continue to soar. In fact, the U.S. Government Accountability Office (GAO) first warned about the challenge of rising housing prices back in 1978, when the median home price hit $44,300. Today, that figure has skyrocketed to…

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The US Housing Market Outlook: Predictions for 2024-2025

The US Housing Market Outlook: Predictions for 2024-2025

In recent years, the US housing market has experienced dramatic changes. Historically low mortgage rates spurred a buying frenzy, driving home prices to unprecedented levels. However, as interest rates rise and economic conditions shift, the market is entering a period of adjustment. This article explores expert predictions for home prices, mortgage rates, housing inventory, and…

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