Gail Maitland and her husband have been house hunting in the Syracuse, New York area since the fall. She tells Bankrate it’s been a dispiriting experience so far.
“It really is a shocking situation that we find ourselves in because we really have to make some deep concessions in what we want in a home,” she said in a recent interview. “Looking at the home prices over the last five years, the same home that’s going for $300,000 now went for like $190,000 in 2017.”
All across the country, home prices skyrocketed during the pandemic, rising an average of 20 percent between February 2021 and February 2022, according to CoreLogic.
