Housing prices in the United States are rising at a faster rate than at any time since the Great Recession, and the Federal Reserve is considering raising interest rates as soon as next month.
The market is particularly bullish, with prices surging for houses, single-family homes and condos, and for luxury homes.
The median price of a home is up nearly 4% in June from a year ago, according to data from the Census Bureau.
And while prices for new homes are also rising, they’re still well below their peak.
But as housing prices continue to climb, the Federal Housing Finance Agency (FHFA) is considering making it easier for lenders to refinance mortgages.
The Federal Reserve’s decision would mean lenders could lower the amount of money they have to give down payments on mortgages, potentially reducing the cost of the loan.
The Fed’s policy announcement comes on the heels of the financial crisis and the recent selloff of the housing market.
At the same time, prices have been rising at an unprecedented pace, particularly for new home construction.
According to a recent report by the nonprofit Real Estate Institute of America, housing prices in June increased 3.2% year over year to $3,853,000, and are up 5.1% since their peak in March of 2016.
Meanwhile, median income fell to $55,735, down 3.3% from $55.9 million in 2016.
The economic downturn also hurt many people who would normally have been able to afford to buy homes, but now many are struggling to get by.
As a result, the number of people who are homeless rose to a record high in 2017, according the National Alliance to End Homelessness.
This year, according a recent Pew Research Center report, the share of homeless Americans has increased by 9.6 percentage points since 2016, compared to a 6.4 percentage point increase from 2016.
It’s not just the housing industry that is struggling.
As housing prices have skyrocketed, so too has the number and type of jobs available.
In the past year, there has been a major push to expand and diversify the workforce, which is expected to have a significant impact on the number, type and types of jobs that are available to the workforce.
The number of unemployed Americans rose to 13.5 million, up nearly 8% from the previous year.
And the unemployment rate among working-age adults, which typically includes those who have dropped out of the labor force, rose to 9.3%, up from 8.9% last year.
These figures suggest that the labor market is not getting any better and that job openings are at their lowest levels in decades.
This trend could lead to a wave of layoffs and the potential for a “disorderly” labor market, which has happened in recent years in other developed countries.
The housing market is also becoming more unaffordable.
While the cost to buy a home in the U.S. increased 5.6% year-over-year to $1,852,500 in June, the median price was up just 2.7% to $525,800, according