Relevant:
- Japan faces backlog of unsold homes
- Americans are saving less as income lags spending
- Home Affordability Continues to Remain High
- STORM CLOUDS FOR BUILDERS With the tightening mortgage market and a backlog of unsold homes, conditions are bleak
- Millennials spend three times more of income on housing than grandparents; Live worse (UK)
2007-10-10 — businesswire.com
" The impact of the housing market on disposable income is significant. Homeowners can no longer tap their home equity to generate income that in the past has been used in discretionary spending. The downturn in the housing market continues as the backlog of unsold new homes hits a 16-year high1. "
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