Home Prices and Rates Keep Climbing, Pushing Housing Market Affordability to Record Lows
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Home prices continue rising in 2024, with median sale price up 4.4% and mortgage rates now 6.8%
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Chief economist calls current housing market "least affordable in recent memory"
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For 47 of 50 largest metros, renting now cheaper than buying a home
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American Community Survey data shows huge variation in home values by county
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The 5 most expensive counties have median home values over $1.3 million