Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Affordability of Homeownership to Middle-Income Americans: A Reprint from the “Economic Review”
Jordan Rappaport (au)
From 1971 through mid-2007, the nominal national sales price of housing grew almost eightfold. As sales price rises accelerated in 2003 and crested in 2006, homeownership was portrayed as the “unattainable” American dream. But, homeownershp actually rose beginning in the mid-1990s and in 2004 attained its highest level ever. The more recent surge in foreclosures suggests that many households purchased homes they could not afford. Still, this does not necessarily imply that housing has become unaffordable to middle-income households. Instead, it may be that defaults resulted from specific households purchasing specific houses whose location, size, and other attributes made their sales price too high relative to the purchasers’ financial resources. Illus.
Secret War in Shanghai: An Untold Story of Espionage, Intrigue, & Treason
Paperie: The Art of Writing & Wrapping with Paper
Sherlock Holmes Victorian Cookbook: Favourite Recipes of the Great Detective & Dr. Watson
Skin Deep: Black Women & White Women Write About Race
Gershwin in His Time: A Biographical Scrapbook, 1919-1937
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.