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Home prices rise much faster than wages and consumer prices

Home prices rise much faster than wages and consumer prices

Rising home prices are a mixed bag, economically speaking. The trend is good for homeowners, who have been building a lot of home equity in recent years as prices surpassed pre-Recession levels in many top real estate markets. But rising prices are also creating an affordability crisis for renters who find themselves priced out of hot housing markets where well-paying jobs are plentiful.

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