Chart: Home Prices Vs. Wages
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Over the last 40 years, home prices have grown at a rate far exceeding wages.
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Home sales slowed and a key measure of prices fell for the first time in 11 years last month, spurred on by the biggest glut of new homes on the market in more than a decade, an industry group said today. The National Association of Realtors report on existing home sales showed that the median home price in August was $225,000, down 1.7 percent from a year earlier.
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House prices rose by just 0.2% in September as the market continued to show signs of slowing down. It follows a rise of just 0.1% during August, said the Nationwide Building Society.
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Real estate prices depend a lot on local conditions.
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(Washington-AP) Nov. 17, 2004 - The Labor Department&#39;s Consumer Price Index shows a larger-than-expected gain, but combined with Thursday&#39;s reading on wholesale inflation, analysts say the picture is one where
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.
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The stock market has been on the upswing, but few investors are relaxing just yet. This week's data on housing, retailers and labor costs will give Wall Street an idea of whether the economy is weakening or inflation is accelerating Â or both.
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Average U.S. home prices rose 0.5 percent in the first quarter from the prior quarter and 4.3 percent from a year earlier, but price appreciation was the slowest in a decade, the U.S. Office of Federal Housing Enterprise Oversight reported Thursday.
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Home prices fell 6.7 percent in October, compared with a year ago, according to the S&P/Case-Shiller 10-city home-price index, a record drop as housing markets continued to deteriorate.
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Home prices declined a record 6.7 percent in October compared with a year ago, according to the Standard & Poorâs/Case-Shiller home price index.
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The fundamentals (eg, wage or population growth) are present to support a strong property market in Hong Kong. Wages in Hong Kong are not rising.
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Average U.S. home prices rose 0.5 percent in the first quarter from the prior quarter and 4.3 percent from a year earlier, but price appreciation was the slowest in a decade, a federal regulatory agency reported on Thursday.
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Business & money: Â· Homes for poorest will cost 10 times their incomeÂ· Imbalance of supply and demand will be long-term
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A spokesman from the National Bureau of Statistics (NBS) said here Friday that multi-fators have pushed up the housing price. Statistics show that the prices of housing and
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Business & money: Jitters in world financial markets over US housing market send pound to $2.06 against the dollar.
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House prices rose by 0.2 per cent in September but the market remains subdued, says the Nationwide... September&#39;s rise follows August&#39;s modest 0.1 per cent increase, but annual house price inflation over the
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As the housing boom continues, housing stocks are reporting record earnings. Neither is sustainable.