According to Zillow, the typical value of U.S. homes is $269,039 as of January 2021, a 9.1% increase from January 2020. Between 1999 and 2021, the median price has more than doubled from $111,000 to $269,039….Median Home Price By State 2021.

Eight years ago in July Massachusetts drivers were paying the highest gas prices ever recorded locally, when the price at the pump reached $4.08 per gallon.

Schlafer’s Auto Body & Repair in Mendocino, California, is charging $6.73 per gallon for regular unleaded gasoline, which gives it the distinction of being the single most expensive gas station in the entire country, according to a gas-tracking app.

Nothing Happens If You Decide To Keep Paying Your Mortgage After all, real estate markets tend to recover over time. Few people go into buying the most expensive thing in their lifetimes without a long-term plan. The key is to try and refinance your mortgage before your equity gets wiped out.

Tough Times, Interest and Inflation If you can buy during a recession and take out a fixed-rate mortgage, you can take advantage of the low mortgage rates and the lower housing prices to lock in a much lower long-term housing cost. Interest rates are usually not a factor in rental prices.

Real estate is almost always a safe investment, so it’s no wonder renters end up paying the price. Subsequently, while rent prices should theoretically go down substantially during a recession, they only inch down, if they move at all. Economic downturns aren’t good for the housing or rental market.