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Latin Times
Demian Bio

Cost of buying a house is the highest in at least a decade, Redfin says

Redfin United States Home Prices
The median asking price for a U.S. home jumped to a record in the four weeks ended April 21 (Credit: Pexels)

The cost of buying a house in the U.S. is the highest in at least a decade, real estate company Redfin said on Friday.

This is a result of the combination of higher mortgage rates, which have topped 7% for the first time for fixed 30-year home loans according to Freddie Mac, and higher home prices.

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