Thinking of Selling? Home prices are growing much faster than wages.

Home prices are growing much faster than wages for a majority of the country, a new report by RealtyTrac shows. According to the report, home price appreciation is outpacing wage growth in 76% of U.S. housing markets in the last two years. The RealtyTrac report also showed that nationwide home price appreciation is outpacing wage growth by a 13:1 ratio in the same time period. The 45 traditionally unaffordable markets with price appreciation outpacing wage growth included Los Angeles, San Francisco, San Jose and San Diego in California, Seattle, Portland, Boston and Denver. Read more.
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