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house pricesPhys Org
•Business
Business & Economics
89% Informative
Over the past four decades , U.S. house prices have risen by 75% in real terms, pushing the costs of homeownership for the typical first -time homebuyer to a record high.
At the same time, these rising prices have significantly boosted the wealth of existing homeowners.
White households had a homeownership rate of 74% at the end of 2021 , compared with 43% for Black households.
White homeowners also tend to own more expensive homes than Black homeowners.
The home mortgage interest deduction is one of the largest tax breaks available to American households.
Black households are much less likely than white households to benefit from it, in part due to lower rates of homeownership.
My findings suggest that young homebuyers in expensive areas come from much wealthier backgrounds and receive more financial assistance when buying their homes.
VR Score
94
Informative language
97
Neutral language
25
Article tone
informal
Language
English
Language complexity
64
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
24
Source diversity
19
Affiliate links
no affiliate links
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