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US median home price to reach 1M by 2050
Marcus Lemonis argues that high housing prices are mainly due to a lack of supply, not just regulations. New projections from the National Association of Realtors predict the median home price will reach $1 million by 2050, with mortgage rates expected to stay around 6.5% in 2026. Despite affordability issues, certain buyer segments remain active, while home sizes shrink and smart homes become more common to address the market challenges.
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