The median age of U.S. homes has climbed to 44 years, prompting a surge in repair expenses that are straining homeowners' budgets and impacting related industries.
- The median age of U.S. homes is now 44 years.
- Older homes require more frequent and costly repairs.
- Rising repair costs are straining homeowners' budgets.
- The construction and home improvement sectors are experiencing increased demand.
- Homeowners in older neighborhoods are disproportionately affected.
- Long-term impacts on housing markets and affordability are possible.
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