Many sectors of the U.S. economy have suffered disruption and upheaval over the past year. These chaotic states have continued with President Biden in the White House and pushing for even more spending.
Conservatives continue to sound the alarm, warning that current and proposed spending levels are not sustainable. Since Biden’s time as president, prices have gone up and they’re projected to keep on rising.
One prime example of this is the current condition of the American housing market.
What to know about housing in the United States
At this time, prices for houses throughout the nation are set to keep rising. There are several factors that have engendered this; some examples include higher demand for housing, the surge in Americans working remotely, minimal rates of interest, etc.
Due to the current trajectory of housing in America, it is expected to average a notable 10.6% in 2021; this percentage is almost twice the amount that analysts projected back in February. At this rate, the prices for housing will ultimately supersede consumer inflation and the progression of gross domestic product.
