Millennials entering prime home-buying years. Work-from-home professionals craving more space. Record-low interest rates. This confluence of events drove home prices up in every corner of the U.S. during the third quarter, as the pandemic boosted activity in a way not seen in decades.
All told, in each of the 181 metro areas tracked by the National Association of Realtors, the median price for existing homes, which make up most of the housing market, was higher in the third quarter from a year ago.
This, according to NAR, marked the first time since 1980 that every metro area tracked by the association posted an annual price increase in the same quarter.
In Northern Nevada, the Reno-Sparks…