Home prices have been through the roof, medium home prices in April 2021 were $725,000. In March 2021 prices were $680,000 and in April 2020 prices were $550,000, according to the California Association of Realtors.
For some owning a home is considered to be the American Dream, but for California residents, it’s a dream that is getting more and more expensive. The California Association of Realtors reported that prices are up 23.9%, that’s $758,000. The boom the United States is experiencing is due to a simple economic model.
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