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Georgia Home Prices Increased 141% Over the Last Decade, 4th Largest Increase in U.S.

Gwinnett Daily PostNo Comments

While the 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 100%. In comparison, average hourly earnings saw a modest 41% increase, while the Consumer Price Index rose by just 32%. Consequently, housing affordability has taken a hit, while homeowners have seen substantial gains in their real estate wealth.

Home Price Trends Following Economic Recessions

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The Gwinnett Daily Post is a daily newspaper published in Gwinnett County, Georgia, and serves as the county's legal organ. The newspaper is owned by Times-Journal Inc. and prints Wednesday and Sunday each week.

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