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Low incomes, not rising prices, key to sluggish housing market

June 30, 2014

The housing market has been hampered, says mortgage broker Lou Barnes, not by rising home prices but by flat incomes. While markets are seeing prices inflating, says Barnes, wages remain stagnant, leading to poorer housing affordability.

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Low incomes, not rising prices, key to sluggish housing market

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Number of Mortgage Loans in Forbearance Increases in June

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