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Is the Housing Market Collapsing?

By admin / August 2, 2016

https://www.armstrongeconomics.com/wp-content/uploads/2016/07/Sinking-House.mp4 Well, home ownership in America is falling to a 51.6-year low. The actual share of Americans who own their homes fell to 62.9% in the second quarter, which was the lowest since 1965, according to a Census Bureau report. What is happening is two-fold. Net real wages after taxes have been declining. Combine this with […]