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US Housing Market Hit by Shrinkflation
Shrinkflation is hitting American homebuyers hard, especially in the South, as a recent study found people are now paying more for smaller properties.
An analysis conducted by USA Today/Homefront using data from Realtor.com found that the median American home is now 128 square feet smaller than five years ago, and yet it costs $125,000 more.
Shrinkflation, by definition, is what happens when companies reduce a product's amount or volume per unit without changing its retail...