From Home Furnishing Business
Fast Fact: Rising Home Prices Locking Out Potential Buyers
Critically low inventories and subsequent skyrocketing home prices and rental rates are locking out new home buyers and halting potential moves.
According to data from the U.S. Census Bureau, home prices have jumped 46.1 percent from 2009 to 2018. The median home price in April 2018 was $328,000 – up 34.1 percent from the pre-recession peak of $244,950 in 2007.
For a closer look at the numbers, click here.