The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013.<br />Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates.<br />But there's a downside: Not every American is benefitting from the rally.<br />In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%. That's the lowest share in over 30 years.<br />As home prices significantly outpace median family income growth, more Americans have been pushed out of the housing market and have had to delay homeownership.
