July home-price growth slows but wages still can’t keep up

Employment up – but so are prices, as wage growth slows.. July 16, 2014. UK real earnings have fallen every single month since Sept 2009, the deepest squeeze since the 1860s.

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The acceleration in hiring has fueled renewed optimism that the U.S. is ready to experience a more rapid phase of expansion after years of agonizingly slow growth and a prolonged period of high.

Wage growth, however, tends to be much slower. If you think about it, growth in wages happens maybe once or twice a year, if that. Being an employee, you may get a raise at the end of the year, or a raise when you are promoted to a higher position, but that’s not nearly enough to keep up with the rate of growth of the current housing market.

Still, there were few signs the strength of the labor market fed into higher wages. Wage growth in the three months to april slowed slightly, to 2.8% from 2.9% in the previous three months.

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Rising home prices are causing a sharp uptick in the monthly payments for new homeowners, but as rising wages fail to. than-average income growth in recent years still hasn’t been enough to keep up.

Freddie Mac and Florida foreclosure law firm part ways The MERS genesis MERSCORP began in 1997, at the behest of mortgage industry participants like Fannie Mae, Freddie Mac and the Mortgage Banking. MERS has come under the spotlight as part of the.