MIddle-Class Squeezed Out of Homes

15rent-master675A good NYT article reports that middle-class, and not to mention lower-class, renters are being squeezed out of the market because of rising rent costs. Like the heading to the graph in the piece reads: “The United States is experiencing a rent affordability crisis.”

And what is really interesting about this phenomenon that is even affecting the rich, the article states: “For many middle- and lower-income people, high rents choke spending on other goods and services, impeding the economic recovery.”

This would even include a dent in Wall St. earnings.

Read Here.

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The Housing Market Coming Back?

We know that the collapse of the housing bubble was the main indicator of the 2008 financial crisis and that this burst continues to keep housing numbers at unbelievably low depths. But recent numbers paint what could be a brighter future for 2013. Here is a good article from the Post about this very subject with details.

Read Here.