Housing is more expensive than ever in the US
Redfin CEO Glenn Kelman says its hard to fault the Fed for overdoing rate hikes when there are other persistent sources of inflation.
For starters, the outlet said buying a house in the U.S. has become a luxury. It pointed to a Redfin report released Friday showing the medianpayment in the U.S. hit $2,605 a month in July, up 19% from a year ago and the most expensive ever.
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