and fees. That figure is for single family, so condos might be a bit different, but it's still going to be a major piece.
"reasonably priced" is also relative. What we're seeing the housing market is a massive unwinding of 20 years of near 0% lending and borrowing costs. that led to a huge overinvestment in real estate by individual and institutional investors. The massive increase in price we're seeing now is a combination of American demands for a luxury product (imagine a house without central air these days, granite counters or a garage?) as a bare minimum coupled with the upside down rental/purchase markets. We're literally paying the bill for decades of low cost housing.
What we did before was immoral and unfair but the market always wins in the end. This is the cost of that extravagance.