Home Affordability: Prices Are Still 40% Higher Than ‘Normal’
Feb 14, 2010 Object
Despite falling real estate prices, houses still cost almost twice as much as they did in 1975 when you adjust for inflation. Relative to average income, they’re 40% higher. By many measures, houses are still unaffordable, which helps explain the current 15% vacancy rate.
Continue reading Home Affordability: Prices Are Still 40% Higher Than ‘Normal’
Home Affordability: Prices Are Still 40% Higher Than ‘Normal’ originally appeared on DailyFinance on Sun, 14 Feb 2010 12:00:00.
Filed Under: Real Estate
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Home Affordability: Prices Are Still 40% Higher Than ‘Normal’
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Bernanke: We’ll raise rates when necessary (which won’t be anytime soon)
Filed under: Economy, Investing
Investors may be forgiven if they had deja vu all over again when Federal Reserve Chairman Ben Bernanke gave a luncheon speech at The Economic Club of Washington, D.C. on Monday. After all, the Fed chairman said pretty much the same thing three weeks ago in a luncheon speech at The Economic Club of New York. The recovery remains fragile and will be moderate at best. Unemployment will stay depressingly high. And as for inflation, well, it’s nowhere to be seen.
So is a bubble-busting short-term rate hike coming sooner than expected, as Wall Street freaked out about Friday? The answer is still No, despite November’s unemployment report coming in shockingly better than expected.
Continue reading Bernanke: We’ll raise rates when necessary (which won’t be anytime soon)
Bernanke: We’ll raise rates when necessary (which won’t be anytime soon) originally appeared on DailyFinance on Mon, 07 Dec 2009 13:50:00 EST. Please see our terms for use of feeds.
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Bernanke: We’ll raise rates when necessary (which won’t be anytime soon)
Tags: a-bit-more, bernanke, chairman, entry, fed funds rate, federal reserve, fifth-third, for-inflation, frugal-consumer, interest rates, raise-rates, ratehike, short-term-rate
