Home is Where the Wallet Is

A Swedish Frggebod   (Photo by Holger Ellgaard)  

Home, sweet, home is no longer affordable for many.  Prices in the United States have risen on a composite average of “16.4 percent” in just one year.

Although every so-called home on this planet is somewhat temporary, we need a place to lay our weary bones as we get through this life.  And that is becoming more and more difficult to obtain or sustain.

There are a number of contributing factors to this perfect storm: continuing low mortgage rates, pandemic-induced moves, millennials coming into their phase of home-buying, and inflated prices for construction materials.    

Resources

https://www.msn.com/en-us/money/realestate/house-prices-broke-records-in-may-rising-by-most-in-30-2b-years/ar-AAMChVZ?ocid=uxbndlbing

Copyright July 27, 2021 by Linda Van Slyke   All Rights Reserved