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The real estate market in the United States is experiencing significant growth, with increasing home prices and decreasing affordability. Despite the pandemic, home prices have continued to rise, particularly in areas around San Francisco where prices have increased by over $2 million for a two-bedroom, one-bath house. This is attributed to a combination of factors such as low interest rates, increased savings during the pandemic, and a lack of available inventory. The article also notes that millennials are now entering their prime home-buying age, adding to the demand for housing. However, the market may not continue to grow indefinitely, and changes in interest rates, economic conditions, and consumer behavior could lead to a shift in the market. Ultimately, the decision to buy a home is personal, and individuals should carefully consider their own circumstances before making a decision.
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United States
significant growth
decreasing affordability
home prices
real estate
experiencing significant
San Francisco
increasing home
estate market
prices
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