Why Are Homes So Expensive in the US Right Now?

Whether you’re a real estate investor or someone who is looking for a new home to purchase for your own living situation, you may have found yourself experiencing sticker shock over the price of homes.

According to studies, the average price of a home in the United States in March of 2021 was 13.2% higher than comparable sells in March of 2020. With such sharp year-over-year increases, many buyers are left wondering if the housing market is ever going to return to normal and why prices have gone up so much. When the Covid-19 pandemic (more on that factor in a moment) ravaged much of the economy, many experts assumed the real estate market would dry up as well. However, that hasn’t been the case, as prices are higher than ever. There are several causes, but we are going to look at some of the most prevalent.

The Impact of Covid

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