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The New York Times: Here’s who will be left in the housing boom – Ali Wolf

Jul 15, 2021

 

The housing rebound has been fueled by buyers whose wealth allowed them to win bidding wars, often with a high down payment and a bid over asking price. Those living on local incomes, which are often modest compared with those of relocating newcomers, are losing the ability to buy a home as competition grows and prices rise. In the long run, this means some Americans will be able to build wealth in their homes, leaving the rest behind.

Read full article in The New York Times  here

Ali Wolf

Chief Economist

Ali Wolf

Chief Economist

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