How Bidenomics Wrecked America’s Housing Market
How Bidenomics Wrecked America’s Housing Market
CommentaryAll around the nation can be found the detritus of “Bidenomics,” especially in America’s broken housing market.Countless families are struggling just to find somewhere affordable to live, wit...
cross-posted from: https://infosec.pub/post/2473640
How Bidenomics Wrecked America’s Housing Market https://www.theepochtimes.com/opinion/how-bidenomics-wrecked-americas-housing-market-5488414 The combination of higher home prices and higher interest rates has broken America’s housing market. Since Biden became president, the median home price has jumped over 27 percent, and interest rates have risen from 2.8 percent to 7.2 percent.
Those two factors have caused the monthly mortgage payment on a median-priced home to more than double, from $979 to $2,075.