Rising Inventory & Low Rates Haven't Created More Housing Demand
August 16th, 2014 Logan Mohtashami
Simply put, the lack of recovery in housing demand is directly related to the lack of recovery in real median income and growth in year-over-year average hourly wages. Yet many have failed to recognize how important wages and liquid assets are to creating real demand in the housing market. This, in spite of the preponderance of evidence presented to us from the likes of the distinguished and insightful Professor Anthony Sanders, who has provided pictorial analyses of this issue.
Source: http://www.advisorperspectives.com/dshort/guest/Logan-Mohtashami-140816-Housing-Update.php
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