As of September 2024, the average American home value has reached $412,000, driven by soaring demand and a supply shortage caused by several factors.
In Florida, the median list price among all homes rose to $449,900 in July 2024, reflecting a staggering increase of 33.1% since the pandemic began.
Rising home prices and high mortgage rates have created barriers to entry for many potential homeowners, limiting their ability to achieve wealth through real estate.
Limited supply and the desire of seniors to remain in their homes continue to drive the housing market, making it increasingly competitive for new buyers.
Collection
[
|
...
]