Web3 solutions aim to make America’s real estate market more accessible
Cointelegraph
Published Apr 26, 2022 09:01AM ET
Updated Apr 26, 2022 11:00AM ET
America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a housing shortage.
Data from the Federal National Mortgage Association (OTC:FNMA), commonly known as Fannie Mae , found that 92% of homeowners think their current home is affordable. Yet, findings further show that 69% of the general population, consisting of both homeowners and renters, believe it’s becoming too difficult to find affordable housing.
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Written By: Cointelegraph
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