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

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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