The shortage of properties has led to bidding wars, which have culminated in house price increases
outpacing wage gains.
In the past few years, growth in property values has been consistently
outpacing wage gains, crimping affordability for younger, first - time buyers.
In 2013 and the first half of 2014, San Diego home prices increased at annual rates between 10 and 20 percent — far
outpacing wage gains.
The increase far
outpaced wage gains, which were up only about 2 percent.
Not exact matches
Having acquired so much debt, Canadians are vulnerable to rate increases, and housing price
gains have vastly
outpaced wage growth.
In many cities, home - price
gains have
outpaced wage and income growth over the last couple of years, and this kind of trend can lead to housing affordability issues.
First quarter hourly compensation rose 3.4 % after a 2.4 %
gain in the previous quarter, but real hourly compensation still fell 0.1 % after a 0.8 % decline in the fourth quarter, showing
wage growth is still being
outpaced by inflation.
In many U.S. cities, home - price
gains over the last few years have
outpaced wage and income growth by a wide margin.
Wage gains also
outpaced inflation in the sectors of professional and business services, leisure and hospitality, government, trade, transportation and utilities.
Teaching and educational professionals experienced a 7 % decline in real wages since 2011,
outpacing real
wage gains in 2002 - 6 and no change across 2007 - 10.
Double - digit
gains in house values are generally not sustainable over the long term, because they tend to
outpace wage and income growth.