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The Great American Dream is Shrinking: Homeownership Costs Soar 26%

by Staff Editor
Jun 11, 2024
in Market News 


Owning a home, once a cornerstone of Americana, has become a whopping 26% pricier since 2020 alone. Inflation has driven up taxes, insurance, repairs - you name it.

And buyers face a tight supply jungle gym since underbuilding and pandemic rates soured some sellers. Meanwhile, your dollar just doesn't stretch like before.

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Mortgage rates hovering high continue hamstringing new purchases. Experts say rates may stay aloft through 2024 at least.

Is the white picket fence dream fading fast? Share your thoughts on making ownership affordable again or strategies for first-timers in this marketplace. This homeowner wants to hear your ideas!

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