Why the Most Affordable Homes Increased the Most in Price Between 2000 and 2019

Urban Institute, May 12, 2020–Jung Hyun Choi, John Walsh, Laurie Goodman
The report said nationally, from January 2000 to December 2019, prices for the lower-priced homes increased 126.2 percent, compared to 99.8 percent for medium-priced and 86.4 percent for higher-priced homes. Although lower-priced homes appreciate more quickly than higher-priced homes throughout the country, in MSAs with higher employment growth, stronger zoning and land-use regulation, and less land available for development, the lower-priced homes are even more significantly outpacing the appreciation rate of the higher-priced homes.
https://www.urban.org/research/publication/why-most-affordable-homes-increased-most-price-between-2000-and-2019