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Monthly housing payments hit a record high this week.
Redfin says that’s nearly double the rate a year earlier.
Nationwide, the typical home costs an estimated 25% more per month to own than rent.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
Redfin says inventory is down nearly 20% YOY, but homes for sale are flying off the market.
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