Personal Finance
personal-finance
Rani Molla

People will likely stay in their homes even longer now

Median home prices just reached a record high last month of $419,300 in the US, according to the National Association of Realtors.

Part of the reason for those high prices is that people have been holding onto their homes — and phones and cars! — longer. They’re doing so in part because they can’t afford new homes at those prices, which in turn drives prices up even more.

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