Incomes are finally rising faster than home prices.
“For the first time since 2011, incomes rose faster than home prices in the U.S., according to a new report from Zillow.
“The median home price climbed to $188,100 in August, a 5% increase from the same time a year ago.
“And last week, the Census Bureau reported that median household income increased to $56,516 in 2015, up 5.2% from 2014.”
CNN. “Here’s some good news for house hunters.” http://money.cnn.com/2016/09/22/real_estate/incomes-rise-faster-than-home-values