Biden Leaves Americans Homeless
People are trapped.
In a shocking turn of events, the median price for homes sold in May rose above a shocking $407,600 according to the National Association of Realtors.
According to Breitbart, this is the first time in history the median price of homes has risen above $400,000 across the country.
Furthermore, compared to one year ago the median price of a home in America has risen by 14.8 percent.
President Biden and his administration is doing little to combat these costs and inflation as a whole continues to tear through the United States.
Breitbart added, Rising mortgage rates, which have climbed sharply this year as the Fed hikes interest rates to fight inflation, have dealt a severe blow to housing affordability.
NAR President Leslie Rouda Smith explained, “Declining home purchases means more people are renting, and the resulting rent price escalation may spur more institutional investors to buy single-family homes and turn them into rental properties – placing additional financial strain on prospective first-time homebuyers.”
