Data from real estate investment firm CBRE illustrates a stark reality: average monthly payments on a new home soared to $3,322 in the third quarter of [2023], marking a staggering 90% increase since late 2020 when it hovered at just $1,746 before Biden took office.

Rates and home prices have come down a bit since December, but mortgage payments are at least 50% higher than last year. Wait. We thought Biden had conquered inflation.