Anything more than that is unsustainable. In my area the median household (keyword: household, not individual) income is $48,000 yet the median house price is $340,000. House prices either need to fall way more or wages for the lower and middle class needs to rise.
Potential effects of bubble burst. According to investment manager Brian Gaynor in 2012, a 10% drop in house prices would wipe out $60 billion of New Zealanders’ personal wealth, which would exceed the losses from the 1987 sharemarket crash. Steve Keen, one of the few economists to forecast the Great Recession,
A lot of people think we are due for another housing market crash because housing prices have increased in many areas of the country. Besides prices, there are many things that drive the housing market. In fact, prices cannot be used as an indicator of what the market will do because they are just a result of many other factors.
The city, less than an hour’s drive from Baghdad. their feud from the first debate in Miami last month, Biden and Harris took turns criticizing their respective health care plans A quarter of a.
Home prices: The double-dip is near. "There will be differences by market, but generally, you may get a big discount by waiting a year [to buy]," said Dean Baker, co-director of the Center for Economic and Policy Research, who thinks the price drop will be closer to 10% or 15%.
Car sales help drive away double-dip fears. it’s unlikely Congress and the White House will enact any additional short-term stimulus measures.. The recent drop in stock prices also left some.
After the close, Senator Dick Durbin said Democratic and Republican leaders plan to meet with president barack obama at the White House tomorrow. more than forecast in December as the budget debate.
Wells Fargo will not join BofA in foreclosure suspension Wells Fargo [stock WFC][/stock] will not suspend foreclosures and stands by the accuracy of its affidavits, Jason Menke, a spokesman for the San Francisco-based bank, told HousingWire.
The median price of homes currently listed in Santa Clara County is $1,150,000 while the median price of homes that sold is $1,074,100. 140 Homes For Sale in Santa Clara, CA. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia.
Jobless claims fall by 12,000 filings U.S. jobless claims fall by 12,000 to 260,000 last week. Breaking News.. the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 21 declined by 12,000 to a seasonally adjusted 260,000 from the previous week’s revised total.FHFA: Home prices continue climb In the midst of tight supply, heightened competition for buyers, and unpredictable financial markets, U.S. home prices continued to rise in the fourth quarter. The Federal Housing Finance. "House.
The project at Petaluma Hill Road and Valley House Drive is slated to build 400. a bump in buyer resistance to listed home prices and an increase in price reductions. What lies ahead remains a.