Today, a monthly budget of $3,000 can afford a home valued at $450,000—a far cry from the $510,000 home it could have purchased a year ago.
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Home Prices Breach Negative Territory
The average, median-priced home declined a bit more than 0.5%—the first annual drop recorded since 2012.
Read More »Inventory Issues Not Enough to Slow Surging Demand
The combination of a healthy economic recovery and continued low rates is forcing home buyers into limited options.
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