Stagnant wage growth will limit future house price inflation dlvr.it/3Zn2br House prices generally rise along with wages. When wages go up, people use their borrowing power to bid up home prices. Of course, this requires three simplifying assumptions. First, interest rates must be steady. Steadily dropping interest rates can increase borrower leverage in the absence of increasing wages. In fact, most of the...
Posted on: Fri, 28 Jun 2013 08:09:05 +0000
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