Average earners getting squeezed out of Sacramento region’s tight housing market

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I don’t think it will be as severe as some make it out to be, and it will take longer to get. housing market could be iced by an economic recession, continued sharp declines in U.S. stock prices or.

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Average earners getting squeezed out of Sacramento region’s tight housing market Average wage earners in Sacramento, who can afford a roughly $250,000 house, are being excluded from the real estate market because of low resale inventory and a lack of new construction. Sacramento may be following the lead of the Bay Area, where only higher-earning families can own a home.

It is a strategy that involves sharing the pain given spending cuts impact lower income earners hardest. push property prices higher and force would-be first-home buyers out of the market and into.

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Nick Clegg referred to such a group as “alarm clock Britain – the bleary-eyed grafters struggling to raise families, while getting out to work. but have a large family to support with high housing.

Tight Supply of Housing is Putting the Squeeze on Prices There’s a shortage of homes on the market, and it’s driving up house prices and rents, especially for average earners living in high-cost markets. This is the big takeaway from Harvard’s massive study from the Joint Center for Housing Studies released this week on the state of the nation’s housing market.

In a tight housing market that is effectively a transfer from. In the year ended last March, average weekly earnings for wage and salary earners did not increase at all, when adjusted for inflation.

The latest Tweets from Patrick Hake (@PatrickHake). I am a real estate broker in Auburn, Ca. I own and operate the regional real estate website http://t.co/PSctEW6H2X.

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