Government Study Shows Prices Rising Faster Than Income
Census Bureau and HUD report mid 1970s housing costs outpacing incomes. Median single family home values rose from 17 100 to 29 500 between 1970 and 1975 while owner incomes grew 40 percent. Renters saw rents up 44 percent with income up 25 percent.
MENTIONED IN THIS ARTICLE
Census Bureau
Department of Housing and Urban Development
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