Wages in the US Rise 7%, Home Prices Skyrocket 45%

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An economic imbalance in the US economy is growing as wages are not catching up with the rising inflation and home prices. The housing market in the US skyrocketed by 45% between 2020 to 2024. The average hike in wages in the last four years is only 7%, while home prices in the US spiked 45%. In 2024, only people who earn more than $110,000 can consider owning a home in the US. The US home prices will not come down anytime soon and will only move upward, predicts Bankrate analyst Jeff Ostrowski.

#UsEconomy #Wages #HomePrices #HousingMarket

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