It's more expensive than ever to rent or buy a home, with prices spiking significantly over the past couple of years.
It's more expensive than ever to rent or buy a home, with prices spiking significantly over the past couple of years, according to data from Zillow.The Biden administration unveiled its affordable housing plan on Monday, as it attempts to tackle rising prices — and the broader problem of inflation.As of April, a typical U.S. home was worth $344,000 — up from $270,000 at the end of 2020.It's also more than prices rose over all four years of the Trump administration, the data showed.
Rent is also getting pricy, typically costing $1,900 per month — up more than $300 from December 2020.
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