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.
Solutions: The Woman’s Crisis Handbook
For Your Own Good: The Roots of Violence in Child-Rearing
Dynamic Nutrition for Maximum Performance: A Complete Nutritional Guide for Peak Sports Performance
Country Ribbon Crafts: Delightful Projects Using Easy Techniques
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.