From Home Furnishing Business
FastFact: New Home Prices Soar Since End of Recession
The price of new homes has risen steadily since the depths of the Great Recession in 2009, and less than half of homes sold for under $300,000 in the first half of 2017, according to data from the U.S. Census Bureau.
The latest numbers show that 45.7% of home sold for under $300,000, compared with 74% in 2009 and 64% in 2007, the year before the recession hit.
Sales prices have been rising so fast that median income has been unable to keep pace, the data showed.
For an in-depth look at the numbers, click here.