Welcome to the typical home for sale in the US right now. It costs $365,000 and is probably too expensive for someone seeking the middle class American Dream.
. During the month, inflation also reached a 40-year high, making homebuying increasingly unaffordable. Couple talking to financial advisor.Negotiating for the best price — typically lower than the home is listed for — is a rule of thumb for homebuyers. But when there aren't enough homes being sold to meet demand, buyers start offering more.
Homes are selling at a faster pace and for a lot more than asking price. Low to moderate income buyers are being outbid by their wealthy counterparts, further pushing homeownership out of their reach. Despite high prices, the typical home will likely have an accepted offer within one week of hitting the market.As the amount of homes available for sale remains at historic lows, homebuyers are quick to make their move — even in the dead of winter.
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