The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013.
Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates.
But there's a downside: Not every American is benefitting from the rally.
In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%.
That's the lowest share in over 30 years.