Home Prices Push Low-Wage Workers Out of Cities

CNBC reports:

Sales of single-family homes in the U.S. rose by 5.7% in September, the highest rate since April 2010. Most would argue that these numbers are indicative of an improving economy — an increase in housing sales leads to an increase in housing prices. Daniel Shoag, associate professor of Public Policy at Harvard's Kennedy School, would argue the opposite.

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