Just like today
sustained high housing prices are invincible.
Not exact matches
If we can get the cost of moving to Mars to be roughly equivalent to a median
house price in the US, which is around $ 200,000, then I think the probability of establishing a self -
sustaining civilization is very
high.
The drivers of
housing demand are in place for a
sustained recovery:
high affordability; job growth (albeit modest); strong investor demand; rising buyer confidence; lean home inventories; home
price appreciation; and fewer distressed homes for sale.
Paul Bishop, NAR vice president of Research put the earnings in perspective, noting that «the median Realtor ® income had fallen by 35 percent during the
housing downturn, but with the help of
sustained increases in both home sales and
prices, it's recovered to the
highest level since 2006.»