California Home Prices Increased 112% Over the Last Decade, 15th Largest Increase in U.S. – Mountain Democrat

0 minutes, 26 seconds Read

While the real estate market appears to finally be cooling down, home price growth has been a defining economic trend in recent years. Over the past decade, which has included recoveries from both the Great Recession and the COVID-19 recession, U.S. home values grew by more than 100%. In comparison, average hourly earnings saw a modest 41% increase, while the Consumer Price Index rose by just 32%. Consequently, housing affordability has taken a hit, while homeowners have seen substantial gains in their real estate wealth.

Home Price Trends Following Economic Recessions

This post was originally published on this site

Similar Posts

    Your Interest
    Your Interest List is emptyReturn to Buying