Business Insider
US · 4 hrs ago
The typical US home could cost $1 million by 2050, according to an economist
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The typical US home could cost $1 million by 2050, according to an economist
By 2050, the US median home-sale price could be $1 million, according to a forecast from NAR's economist.
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Data from NAR shows the median sale price of an existing home was $429,300 in June.
The median single-family home sale price could hit $1 million by 2050, according to an economist.
The climb to $1 million will be slow, so buyers should expect modest price gains for now, they said.
I know it, and you know it — buying a home has never felt this unaffordable.
For years, p
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