This Great Graphic comes from the NY Federal Reserve. It shows the changes in US house prices as of April from a year ago by county. The darker the green the larger the increase. The red reflects falling prices. The actual chart is interactive. Click here get to the original source. Of note the graph below shows the most marked increase in house prices over the past year is in the West, including Hawaii.
In a sense, rising house prices in the US contributes to the disparity of wealth as it helps those who own homes and may punish those who rent. However, it is a bit of a straw man in the sense that the sources income and wealth disparity in the US run far deeper and such arguments distract us from the underlying causes.
Great Graphic: US House Prices
Reviewed by Marc Chandler
on
June 20, 2013
Rating:
Reviewed by Marc Chandler
on
June 20, 2013
Rating:
