The Numbers They Can’t Ignore Two decades ago, the average American home sold for roughly $140,000. Today, that figure sits above $500,000. That isn’t a gentle appreciation curve. That’s an acceleration. Recent data shows: Existing home sales dropped 8.4% month-over-month in January. Sales are down year-over-year. Activity has fallen to the slowest pace since late 2023. Home prices are reportedly declining in 26 of the 50 largest metro areas. Foreclosure filings have risen 32% compared to one year ago. 64% of single Americans report struggling with housing payments. Those aren’t fringe blog numbers. They’re mainstream metrics. The question isn’t whether stress exists. It does. The question is whether this is a cyclical cooling — or the early stage of something…

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