From Crisis To Comfort: Affordable Smart Homes Startup Hoping To Ease Rising Housing Costs

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The U.S. housing landscape has been reeling from rising mortgage rates and supply shortage for some time, pushing median home prices to near-record highs. The S&P CoreLogic Case-Shiller national home price index exhibited a 0.7% month-on-month growth in June after being adjusted for seasonal factors. This follows a 0.8% increase in May. Home sales declined 16.6% year over year in July, registering the slowest pace since 2010. Meanwhile, median home prices crossed the $400,000 mark in July, indicating a 1.9% rise since the same period last year. Don’t Miss: Until 2016, it was illegal for retail…

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