The cost of living in the U.S. is rising, with home prices increasing by 48.55% over the past decade, now averaging $257,000. Experts predict that by 2030, the average home value could reach around $382,000. States like California, Hawaii, and Washington are expected to see significant appreciation, with California's average home value potentially exceeding $1 million. Other states like Idaho and Arizona are emerging as affordable alternatives. Policymakers may need to implement strategies to increase housing availability in high-demand areas.
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