Why Owning A Home Is Now Far More Expensive Than Pre-Pandemic Levels
Portfolio Pulse from Michael Juliano
Owning a home in the U.S. has become significantly more expensive since the pandemic, with costs jumping 26% due to increased taxes, utilities, and insurance. The median sale price for a single-family home has risen from $311,287 in March 2020 to $436,291 in March 2024, according to Redfin Corp (NASDAQ:RDFN).
June 10, 2024 | 3:45 pm
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Redfin Corp (NASDAQ:RDFN) reported a significant increase in the median sale price for single-family homes, rising from $311,287 in March 2020 to $436,291 in March 2024. This reflects the broader trend of increased homeownership costs.
The significant increase in median sale prices reported by Redfin indicates a strong housing market, which is likely to positively impact Redfin's revenues and stock price in the short term.
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