News Formal

Breitbart Business Digest: A Weird Recovery in a Broken Housing Market

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

What if we had a housing recovery and no one showed up?

for months here in the Breitbart Business Digest. Yet for a lot of people, the housing market still feels pretty lousy because so many cannot participate in the recovery.

Which is not to say that high prices are not playing a role in making the recovery feel like a prolonged recession. Since the turn of the century, home prices are up by around 180 percent, and wages are up around 100 percent, according to Lawrence Yun, the chief economist of the National Association of Realtors. Since the housing bust that preceded the Great Recession,, keeping the total supply of houses low and pushing up prices.

This “lock-in” effect from low interest legacy mortgages is the primary reason home sales are so low.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 610. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Breitbart Business Digest: What the Money Supply Is Really Saying About InflationHow much of our inflation problem is due to output declines and disruptions and how much is due to stimulus-fueled excess demand?
Fonte: BreitbartNews - 🏆 610. / 51 Leggi di più »

Business Highlights: MacKenzie Scott giving totals $97m in first half; Dearth of new cars under $20kBusiness Highlights: A summary of the day’s top stories in the business world.
Fonte: AP - 🏆 728. / 51 Leggi di più »