Immobilier

US: The NEW Affordability Crisis in Housing (House Prices And Apartment Rents Rising While Income Remains Stagnant)

Although the rise in the apartment vacancy rate is small (in the red circle), it may be a turning point if it repeats for several months. Notice that homeownership rate continues to fall as real median household income is making feeble increases.

apartvacrent

Then again, mortgage purchase applications remain in “Death Valley”, incomes are stagnant or rising slowly, but home prices and effective apartment rates are rising.

hpent

Is The Federal Reserve contributing to the this neo-affordability crisis with its flooding of capital markets with liquidity? It appears that the third round of quantitative easing (and The Fed;s zero interest rate policies) are associated with rapidly rising house prices and apartment rents, but NOT real median household income and mortgage purchase applications.

fedrents

The is the NEW affordability crisis where cheap money benefits investors who drive up asset prices (but not family income).

Catégories :Immobilier, REBLOG

Tagué:

Répondre

Entrez vos coordonnées ci-dessous ou cliquez sur une icône pour vous connecter:

Logo WordPress.com

Vous commentez à l'aide de votre compte WordPress.com. Déconnexion /  Changer )

Photo Google

Vous commentez à l'aide de votre compte Google. Déconnexion /  Changer )

Image Twitter

Vous commentez à l'aide de votre compte Twitter. Déconnexion /  Changer )

Photo Facebook

Vous commentez à l'aide de votre compte Facebook. Déconnexion /  Changer )

Connexion à %s