Housing prices rising faster than income [1]

Posted by : Stan on Sep 17, 2007 - 10:57 AM
Real Estate [2]
New census information shows that median income over the last 16 years has not been rising as fast as home prices. The article indicates that the gap in income vs housing prices is unsustainable.

Article: "How the home price boom became unsustainable" (newsok.com)

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Links
  [1] http://okpn.com/index.php?name=News&file=article&sid=16
  [2] http://okpn.com/index.php?name=News&catid=&topic=6
  [3] http://okpn.com/user.php