Home price inflation data purposely misleading?
Turns out that if you don’t count prices that are inflating, then there’s no inflation… https://t.co/y5wTbTJyj7
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 22, 2024
Turns out that if you don’t count prices that are inflating, then there’s no inflation… https://t.co/y5wTbTJyj7
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 22, 2024
Rising urban housing costs have sped an exodus of residents, causing strains in ‘Millennial Mayberry’.
This Raleigh, N.C., suburb was declared the best place to live in America by a national magazine in 2015, around the time Lindsay and Terry Mahaffey were drawn by its schools, affordable housing and quaint downtown. The couple found a sprawling five-bedroom house next to a horse farm for $782,000, half the cost they would have paid in the Seattle suburb they left behind. Many other families had the same idea. Apex, nicknamed the Millennial Mayberry, is the fastest-growing suburb in the U.S., according to Realtor.com, and the town is struggling to keep pace with all the newcomers.
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