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

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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?
Source: BreitbartNews - 🏆 610. / 51 Read more »

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.
Source: AP - 🏆 728. / 51 Read more »