If You Think Houses Are Expensive, Wait Till You See What Condos Cost

If You Think Houses Are Expensive, Wait Till You See What Condos Cost

The New York Times-Real Estate·2022-04-15 06:07

Median single-family home prices in the United States reached a record of $406,000 in February, a nearly 16 percent increase compared to a year earlier and nearly 35 percent over February 2020, according to a study by Redfin. New interest-rate hikes will make these homes even less affordable, leading many buyers to turn to condos as an alternative.

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