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Economic uncertainty and market swings spurred by the COVID-19 pandemic have resulted inhigher home pricesnationwide.
As reported byRedfin, the median sale price for a U.S. home was $438,837 as of July 2024.
This represents a 4% year-over-year median price increase.
Youll just have to be prepared for a higher monthly mortgage payment.
You should anticipate spending roughly 3 to 4% of the homes price on closing costs.
Most often, moving expenses are less than 1% of the homes price.
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