House prices rise in major cities
(CNN)– Overall, housing affordability in America is finally improving. But that’s not the case in certain cities.
In June, home-price growth rose the most in New York, San Diego, and Las Vegas.
That’s according to the latest S-and-P core logic case-chiller 20-city home price index released Tuesday.
And it’s not just home buyers feeling the pain, a recent moody’s analytics report reveals the situation is dire for renters too.
New York, Miami, Ft. Lauderdale, Los Angeles, and Northern New Jersey were the five most rent burdened places in America during this year’s second quarter.