Home Price Appreciation

This is how a lack of housing affordability is impacting America’s middle class 

In June, America’s home prices rose by 3.4% from the previous month. Although this rate remains significantly lower than its 2018 level, Redfin indicates that home price appreciation has now grown by a whopping 9% in the nation’s most affordable markets. Redfin Chief Economist Daryl Fairweather said the increase in demand for low- and moderately-priced starter homes is pushing up prices for the most affordable segment of the market.