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Monthly Housing Costs in Swing States Have Nearly Doubled Since 2020 Election: Redfin

July 18, 2024 at 10:14 am Staff
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The monthly cost of housing in swing states across the country has nearly doubled since the 2020 election, according to data published on July 16 by real estate brokerage firm Redfin.
Average monthly housing payments in swing states have risen 92 percent in the past four years to an all-time high of more than $2,000 as both home prices and mortgage rates have skyrocketed, Redfin said.
Meanwhile, home prices in battleground states have risen to a record $316,063, up 40 percent since the last election when voters were asked to choose between candidate Joe Biden and President Donald Trump.
Redfin’s report is based on an analysis of housing market data and incomes for Democrat-leaning, Republican-leaning, and swing states, from 2016 to 2024….

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