What an incredible “recovery” from The Great Recession!
Liquidity moves markets!Follow the money. Find the profits!
Despite home price growth YoY of 5.10% being over 2x average hourly earnings growth for production and non-supervisory workers of 2.40%.
The WORST wage recovery from a recession since 1965.
The big loser? The Big Apple!!
Seattle is the biggest winner, followed by Portland.
Foreign investors and super low interest rates make for unaffordable housing for 82% of the population.
But the cheap money does make a nice gift for current homeowners!!!
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