Wisconsin Homes Cost $148K More Now Than 10 Years Ago

While the U.S. real estate market appears to finally be cooling down, home price growth has been a defining economic trend in recent years. Over the past decade, which has included recoveries from both the Great Recession and the COVID-19 recession, U.S. home values grew by more than 95%. In comparison, average hourly earnings saw a modest 44% increase, while the Consumer Price Index rose by just 33%. Consequently, housing affordability has taken a hit, while homeowners have seen substantial gains in their real estate wealth...