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Housing Costs Surge to New Heights
Description
Homeownership just got a lot pricier in the U.S., with median monthly housing payments hitting $2,647—the highest in a year—and just $100 away from last year’s peak. High mortgage rates, stubborn home prices, and lingering pandemic-era demand are fueling the surge, while sellers face shrinking interest and falling listings. Buyers are pulling back, mortgage applications are down, and even online searches are cooling—making this a tough market for anyone hoping to buy a home right now.
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