There are parts of the country, particularly the two coasts, where the price of housing has so outstripped any income gains that moderate wage earners find it difficult to find a decent home in the community where they work.
More Quotes from Nicolas Retsinas:
It would be healthy for the U. S. housing market if the rate of price appreciation slows and gives income growth a chance to catch up to it, like we've seen in areas like Boston,Nicolas Retsinas
Our own sense is that a lot of this (trend) is driven mostly by economics. In certain markets where affordable housing is scarce this is much more common.
Nicolas Retsinas
This is really quite a time. It is a remarkable time,
Nicolas Retsinas
When it comes to the current state of housing, there are some signs of a slowdown, but they are very ambiguous signs, ... It's not clear, and it's not overwhelming.
Nicolas Retsinas
If you have owned a home over the last five years, in some ways you've been a big winner. Over the last several years it's like having a second job without ever having to work.
Nicolas Retsinas
There are government assistance programs, but they have a diminishing influence on the housing market.
Nicolas Retsinas
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