Report: Low Wages Keep Housing Demand Weak

IHS Global Insight LogoFrom, learns that a new report from IHS Global Insight contends that wage stagnation and weak consumer confidence among young adults are helping to delay a recovery in housing. The report, which indicates those who do apply for loans face tight underwriting that ends many of their bids, was presented to the United States Conference of Mayors this week. On the positive side, housing starts are predicted to increase in 2012. The starts are largely in the multi-family sector.

(Image Credit: IHS Global Insight)

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