Prices for ‘Affordable’ Homes Continue to Rise

HousingWire, June 29, 2020–Julia Falcon
Between the date in March that the World Health Organization declared a pandemic and the week ending May 31, Redfin found that prices of houses ranked in the 6th to 35th percentile for value rose 5.5% year over year, while prices of homes in one of the top tiers — those from 66th-95th percentile — rose just 2%. The study did not look at homes with values in the very top or very bottom 5%.