{"id":1837,"date":"2016-09-30T00:28:21","date_gmt":"2016-09-30T00:28:21","guid":{"rendered":"http:\/\/www.orangesand.com\/?p=1837"},"modified":"2016-09-30T00:28:21","modified_gmt":"2016-09-30T00:28:21","slug":"a-continuing-shortfall-of-homes-2","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2016\/09\/30\/a-continuing-shortfall-of-homes-2\/","title":{"rendered":"A CONTINUING SHORTFALL of HOMES"},"content":{"rendered":"<p>Home prices are rising at a higher rate than incomes are growing.\u00a0 While income has ticked up 1-2%, home prices have been growing 5-6% per year.\u00a0 This is creating an affordability crisis.\u00a0 Now homes owned\u00a0 are at a 50 year low at 63.5% of households.\u00a0 Although mortgage rates are at a low of 3.5%.\u00a0 When the supply reaches closer to 6 months &#8211; the definition of a balanced market- we will see the best of all worlds:\u00a0 RISING new homes sales, existing-home sale, home and finally a RISING home ownership rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home prices are rising at a higher rate than incomes are growing.\u00a0 While income has ticked up 1-2%, home prices have been growing 5-6% per year.\u00a0 This is creating an affordability crisis.\u00a0 Now homes owned\u00a0 are at a 50 year low at 63.5% of households.\u00a0 Although mortgage rates are at a low of 3.5%.\u00a0 When [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1837"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=1837"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1837\/revisions"}],"predecessor-version":[{"id":1838,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/1837\/revisions\/1838"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=1837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=1837"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=1837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}