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Affordability divides America's cities

November 30, 2018 / Alcynna Lloyd

In November, while home sales in large U.S. metros cooled off, smaller affordable markets continued to heat up, according to the latest realtor.com Housing Report. Realtor.com notes that although U.S. housing inventory climbed 4% in November, the increase was more rapid in large expensive metros where inventory rose more than 9%. In fact, seven of the 10 largest year-over-year increases occurred on the West Coast. Unsurprisingly, five of these cities were located in the Golden State, according to the report.