Economy

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Housing crisis intensifies Property Ideas, Sell My House Fast, New Home Buyer, Real Estat, We Buy Houses, Sell My House, Home Buying Tips, Selling Your House, Home Inspection

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Housing crisis intensifies: Skyrocketing prices and surging rates challenge the American Dream

The U.S. housing market is witnessing skyrocketing prices and surging mortgage rates, with buyers now needing approximately twice the monthly payment for a new home compared to late 2020. Though homebuying is becoming less affordable, there's potential relief for renters as many cities invest in building apartments, and stock prices for major homebuilders suggest more homes may be constructed soon.

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