For the first time since 2011, incomes are rising at a faster pace than home values, according to recent data released by the U.S. Census Bureau and reported by Zillow. The report shows home values rose at a 5 percent annual rate while incomes grew by 5.2 percent.
- National home values rose 5 percent annually in August to $188,100, while incomes increased 5.2 percent during the same time frame.
- Rent prices increased at a pace of 1.7 percent, compared with a 6 percent increase reported the same time last year.
- Inventory rates are falling across the country, with a 5.4 percent decrease reported in August.