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U.S. Home Prices Soar 95%, Outpacing Wages and Inflation

1/18/2025

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Summary

Story summary

U.S. home prices skyrocketed by more than 95% over the last decade, leaving average hourly earnings (44%) and inflation (33%) in the dust. States like Idaho and Florida led the charge, with some Florida cities witnessing a staggering 190% surge. As prices stabilize, high mortgage rates and inflation still loom, making homeownership a daunting dream for many.

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Story summary

U.S. home prices skyrocketed by more than 95% over the last decade, leaving average hourly earnings (44%) and inflation (33%) in the dust. States like Idaho and Florida led the charge, with some Florida cities witnessing a staggering 190% surge. As prices stabilize, high mortgage rates and inflation still loom, making homeownership a daunting dream for many.