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Graphs Used In The Video including RedFin Charts
With buyers growing increasingly frustrated and tired of market realities, there are growing fears that the housing market may be reaching a breaking point. From February 2020 to April 2023, we have witnessed the median housing payment for new buyers go from $1250 to $2500. In these wild 26 months, the typical buyer is now paying 100% more for an average house in the United States. We have now reached a point where buying real estate is simply unattainable for most people with regular jobs.