Has the recession made housing in Virginia affordable?

Most policy makers think this is true unfortunately. Today’s best visual comes from Barry Ritholz’s post on mapping the US Credit/Housing bubble. If you look at Virginia, since 2000-2010, housing prices have gone up 40% – 80%.

In other words, the cost of housing hasn’t come down dramatically enough to suddenly bring them within reach of Virginians suffering from stagnant wages, unemployment and underemployment.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s