U.S. Home Prices vs. Wage Growth The gap between wage growth and house prices is widening. Today, houses are too expensive for most young people. Image: The Daily Shot
U.S. Core Inflation vs. Home Prices (Leading Indicator) Home prices suggest that core CPI seems likely to fall further. Image: Scotiabank Economics
Home Prices Lead U.S. Consumption This chart suggests that home prices lead U.S. consumption by 9 months. Image: Nordea, Sebastian Dypbukt Källman
Wage Growth vs. U.S. Home Price Growth This chart shows that U.S. home prices are rising faster than wages. There is clearly a widening gap between wage growth and house price. Today, houses are too expensive for most young people.
“There could be declines in home prices especially at the high end”, says Shiller Robert Shiller, Yale Professor and Nobel Prize Winner, speaks about the housing market and tells why home prices could decline.
U.S. Housing – Existing Home Sales Median Price Existing home sales reached their highest level in 14 years, thanks to low rates. Image: Piper Sandler
Homeownership Disparity Deepens Since 1994, the gap between blacks and whites has widened, in part because starter-home prices have exploded, year after year. Inequality: you may also like “U.S. Unemployment Rate: Black or African Americans” and “U.S. Net Worth by Wealth Bracket” and “Countries With the Highest Housing Bubble Risks.” Picture Source: Bloomberg
History of the Real Federal Minimum Wage Today, the real federal minimum wage is worth 31% less than in 1968. It is also the longest period without an increase (adjusted for inflation). You may also like “Wage Growth vs. U.S. Home Price Growth.” Image: Economic Policy Institute