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There has been quite a fuss during the past few days as a result of the announcement by Freddie Mac Chief Economist Frank Nothaft that “we are getting closer to a more normalized economy.”
If you spend more than 19 percent of your monthly household income on housing you might be spending too much.
Sky-high home prices that continue to increase against all laws of physics, high rental rates and unfavorable unemployment rates have not been enough to chase millennials away from these unaffordable markets.
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