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The increase in U.S. home prices shows no signs of slowing down, but the scale and rate of housing cost increases can vary significantly from place to place. How and why prices rise underscores ...
The U.S. housing market has gotten so expensive that income would have to jump 55% to make buying ‘affordable,’ real estate executive says. Sydney Lake. October 9, 2023 at 4:36 PM.
Housing around the world is the most expensive it's been in decades, with affordability levels across countries falling below levels recorded in the years leading up to the Great Financial Crisis ...
On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep.
In the last two decades, these shortages have spread from coastal superstar cities to affect broader areas of the country, so that on average there is a deficit of housing nationwide. [21] Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country.
"If California had added 210,000 new housing units each year over the past three decades (as opposed to 120,000), [enough to keep California's housing prices no more than 80% higher than the median for the U.S. as a whole--the price differential which existed in 1980] population would be much greater than it is today.
This made housing the only investment which escaped capital gains. These tax laws encouraged people to buy expensive, fully mortgaged homes, as well as invest in second homes and investment properties, as opposed to investing in stocks, bonds, or other assets. [11] [12] [13]
A recently released report shows rent has dipped across the country, but the housing market is still tough.