Investors are drastically driving up the cost of real estate for the middle class.
According to the National Association of Realtors (NAR), home prices are up 19.1% from April 2020 to April this year, as every region in America recorded price increases. “This is a record high and marks 110 straight months of year-over-year gains,” it stated. The NAR also explains that much of this price rise can be attributed to low inventory. At the end December, housing inventory stood at just 1.07 million homes for sale on a national level, marking the lowest number of available homes in 39 years. Continue reading