Home Prices Rising 13 Times Faster than Wages
New York, NY, March 27, 2015—Home
prices are increasing 13 times faster than wages, according to a report from
While home prices increased
by 17% between the second quarter of 2012 and the second quarter of 2014, wages
climbed only 1.3% during that time.
During the U.S. housing
recovery of the past two years, home price appreciation has outpaced wage
growth in 76% of U.S. housing markets.