Left to their own devices, most people particularly renters view the rental segment and the for-sale market as distinctly different and unrelated entities, with the latter one often perceived as being far out of reach. Rightfully so.
The median price for an existing single-family home was $410,200 in June 2023... Mortgage rates which have been well above 7% and approaching 8% this week are adding to the unaffordability of much of today's housing stock.
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