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For the First Time in Years, Incomes Are Rising Faster Than Home Values | Tony Seruga
Sep
22

For the First Time in Years, Incomes Are Rising Faster Than Home Values

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Has wage growth finally arrived?

1469543427_Can-Francisco-Home-House-Real-estate

The view from the master bedroom balcony of a house listed in San Francisco, California, U.S., on Friday, Feb. 12, 2016.

Photographer: David Paul Morris/Bloomberg

A trend that’s helped force U.S. home ownership to a 50-year low may finally be running out of steam.

According to a new report from Zillow, a real estate and rental marketplace, incomes are now rising faster than home values for the first time since 2011. The data shows that home values have been growing at a 5 percent annual rate since the beginning of the year, outstripped by 2015’s income growth of 5.3 and 5.4 percent for family and non-family households respectively…

For the First Time in Years, Incomes Are Rising Faster Than Home Values

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