As US home prices soared out of reach for many Americans, some corners of the country that used to have affordable housing markets have seen some of the steepest increases.
In 75 cities, home prices that used to rank better than the national average for affordability are now worse than average, according to data compiled by the Federal Reserve Bank of Atlanta. The biggest swings since the pandemic began were in Glenwood Springs, Colorado and Seneca, South Carolina.
www.bloomberg.com/news/articles/2022-12-02/once-affordable-us-housing-markets-are-now-out-of-reach-for-most
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