astonishingly

The current state of the housing market is astonishingly expensive for almost everyone, reflecting an unprecedented reality in real estate.

Despite a surge in mortgage rates, home prices continued to rise, registering a 3.9% increase in September compared to the previous year, according to the S&P CoreLogic Case-Shiller Index. This growth coincided with a climb in the 30-year fixed mortgage rate towards 8%. While rents show signs of easing, home prices are currently nearly 10% …

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