The path to homeownership in the U.S. has been challenging, with fluctuating trends, economic uncertainties, and record home prices due to inventory scarcity. Despite a modest decline from the 2023 peak, mortgage rates and payments remain near record highs, increasing monthly mortgage payments for a median-priced U.S. home by nearly 60% in the past three years.
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Soaring Mortgage Rates And Prices Strain Homebuyers
