Home prices, rents will continue to rise with short supply of houses on market, analysis finds

0
50

While it sounds extreme, what’s going on in Seattle is happening in most major metropolitan markets. Median home prices jumped 22 percent from a year ago, according to Attom Data Solutions, and home-price appreciation was greater than annualized wage growth in the second quarter of 2021 in 72 percent of the counties analyzed, most notably in Southern California’s Los Angeles, Orange and San Diego counties; Harris County (Houston), Tex.; and Maricopa County (Phoenix), Ariz.

Read more…