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Loutro-Fift t1_j2chogn wrote

Reply to comment by raccoons-R-cool in Can I afford $2800 rent based on my financial situation by irishgirl249

median home price in the US is $428,000. Haven’t seen a home for $256,000 in years

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ChillyWillie03 t1_j2cq5qs wrote

Recently In my city three brand new built homes all sold $220K-$240K all next to each other from the same builders and floor plans. Where are you getting these numbers?

Off topic, it's kinda funny knowing which new homeowner is the best negotiator.

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Otherwise-Way-1176 t1_j2f3242 wrote

The US housing market is a heterogeneous data set for which a single statistic is a completely inadequate metric. At a minimum you need to include acknowledgment that 50% of homes sold for less than the median. But really you need to break it down by region and look at both median and standard deviation within each region.

Put another way, median is not synonymous with floor.

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