House Prices Are Soaring. Here Are The 5 Cities Where They’re Rising the Fastest

Such is the state of housing prices in the U.S. that a Harvard University study from over the summer estimated that nearly 39 million Americans can’t afford their homes. It’s not hard to see why. Hunger for real estate, along with shortage of supply, sent nationwide housing prices soaring last year—up by 6.3% according to the S&P CoreLogic Case Shiller Home Price Indices. That pricing growth, however, was not matched by wage growth, which rose about 5.4% in the same period according to data from the Bureau of Labor Statistics.

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Source: Fortune