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U.S. Homes Are a Lot Cheaper Than They Look, Harvard Study Finds

Bloomberg business news
Millennials are Buying Homes

Before you call Harvard crazy, consider.

Despite the long, stratospheric rise of home prices in the U.S., the inflation-adjusted monthly payment on the median single-family home in 2017 was less than in 1987, when home prices were lower but interest rates were higher, Harvard University’s Joint Center for Housing Studies found.