Trulia is reporting that data released by this month by the U.S. Census Bureau‘s 2015 American Community Survey show that, nationally, metros with the lowest incomes experienced the highest income growth. This comes on the heals of recent census data showing that the median U.S. income rose by 5.2% last year. This could mean higher home prices in areas that have yet to be affected by the housing recovery.
“Many of the metros that saw the highest income growth have been in places that have been slow to recover from the recession,” said Trulia’s chief economist, Ralph McLaughlin.”
