Homebuyers are spending more than double what they used to pay in previous decades, even after adjusting for inflation.
U.S. homebuyers are spending more than double to buy a home now than they were in 1965, when the median home price was $20,200,
The ramp up in home prices has been particularly stark since the onset of the Covid-19 pandemic, with prices increasing 30% since March 2020.
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