RedFin CEO SHOCKING Tweetstorm About The Housing Affordability Crisis
MHFIN MHFIN
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 Published On Jun 2, 2021

May 2021. After 15 months of lockdown, and nearly 600 thousand deaths, the United States looks to be headed back to pre-pandemic life but some things have changed forever.

One of those is the American dream of owning a house. Since bouncing back from unprecedented lows in 2012, the price of a single-family home in the United States has followed a steady line all the way up until 2020. The visualization is clear, and where this line is headed too doesn’t look great, as home prices have surged and are showing no signs of slowing down. In April 2021 the typical value of a single-family house stands at $339,000 up from 275,000 in mid-2019. This change has priced many, mostly millennials out of the market and caused serious frustrations to new families looking to start their lives just as their parents had in the generation before.

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