Peaked at #1 Now #1
US housing costs and affordability surge
Per WSJ, US mortgage rates rose from 3.4% to 7.4% in a decade, median home price from $235K to $418K, and monthly payment from ~$830 to ~$2,300.
Key points
- Mortgage rate went from 3.4% to 7.4%, median home price from $235,000 to $418,000, and monthly payment from about $830 to about $2,300 over 10 years, per WSJ.
- Home prices are up 78% over the decade, per @unusual_whales.
- A reply notes 20% down went from ~$47K to ~$84K.
- A reply says property tax % has gone way up on top of home price.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
What others are saying
3 more-
Investopedia analysis says the American dream now costs $5.32M over a lifetime, up 4.1% YoY faster than 3.1% wage growth, with homeownership at $1.28M.
View on X -
Redfin data shows US home sellers at the highest level since 2020.
View on X -
Zerohedge reports US homeowners face an alarming new financial burden that now exceeds property taxes.
View on X
Top replies on X
Reaction on X: Replies largely add caveats rather than dispute the figures: one says the 3.4% rates helped push home prices up, others note higher property taxes and the jump in down payment, and one jokes about having stopped dreaming in 2016. The original poster did not respond.
Sign in to see 5 top replies from X
From @rcarnold1, @RC21RC31, @mellytcg and others. Spam removed, with English and Chinese translations.
Discussion 0
Sign up Sign in to join the discussion
No comments yet. Start the conversation.