Rising home prices in the United States are ahead of wage growth

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Housing prices in the US over the past 6 months have risen faster than wages, Bloomberg reports. Housing from March 31, 2012 to the present, has risen in price by 60%. Over the same period, household income growth was less than 30%, according to the Bureau of Economic Analysis. According to Bankrate.com, the average rate on a thirty-year mortgage is currently at 4.74%, an increase from 3.85% at the beginning of the year. Experts expect its further growth in 2019. Cities in which the demand for homes is tied to the indicators of shares of large employers show the most significant increase in housing prices. So, thanks to the growth of Amazon.com shares, its profitability from the first quarter to September 4, 2012 increased to more than 900%, and housing prices in Seattle, where the company is based, increased almost 2 times.

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