Green Touch Builders | Washington home values rise 7 times faster than wages
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March 26, 2015 By SEO Admin

Washington home values rise 7 times faster than wages

Incomes across the country aren’t growing much, but rebounding home prices may be offsetting the negative impact of stagnant wages on consumer confidence.

Real estate firm RealtyTrac says home price appreciation is outpacing wage growth by 13 to one, on average.

Nationwide, wages between the second quarter of 2012 and the second quarter of 2014 rose an average of just 1.3 percent. Median home prices have increased 17 percent nationwide in the two years ending in December 2014.

In the Washington…