Real estate prices are continuing to surge in America as houses are in hot demand - Business Insider

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Real estate prices are continuing to surge in America as houses are in hot demand

"There are approximately 5 million more Americans aged 26-35 than there were 10 years ago," the report. "For those young households who still have their jobs and savings, they may view today's low-rate environment as an opportunity to lock in an affordable mortgage payment for years to come, giving them space to start a family."

Inventory of listed homes, or the number of houses on the market, is "down 28%" at nearly 1,031,000 active listings. This total could potentially fall under 1 million homes, Zillow's indicates. According to the company's market report, inventory has declined because of "robust sales and anemic new listings."just 1.2% from July 2019 to $1,749 while dropping by over 2% in the New York, San Francisco and San Jose area markets.that US existing home sales in July increased a record 24.7% to a seasonally adjusted rate of 5.86 million as a result of both " low mortgage rates and pent-up demand.

 

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How much america pays to buy and sell a house is as crazy as owning guns. How are they so rich when so dumb?

You mean there are people out there who aren't part of the oligarchy that can afford a house?

Lol that's not going to last

That's hot. (I miss you paris hilton)

This won't end well

Right but the eviction crisis looms. Millions to be homeless

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