Soaring home prices push the wealth-to-income ratio to record high

The median price of a single-family home climbed 14.9% to $315,000 in the fourth quarter, according to the National Association of Realtors' latest report.Why it matters: That was the biggest surge in the history of the data series, which dates back to 1990.Every metro area tracked by the group saw home prices rise from a year ago and 88% of the metros followed (161 areas) saw double-digit price increases.The big picture: The increase in housing prices along with the fact that the stock market is now 15% above its pre-pandemic level "has pushed the household wealth-to-income ratio to an all-time high, providing further support for the 2021 consumer recovery," Goldman Sachs' economic research team said in a note to clients."But signs of bubbles in some corners of the market have also raised questions about the potential economic fallout if the broad rally in risk assets reverses."

Comments

Business News

‘I’m a money expert - this tip will make a serious difference to your savings’

Prince Harry said he wants 'reconciliation' with the royal family. Here's a timeline of his and Meghan Markle's tumultuous relationship with the royals.

about 7 hours ago

Comments

Similar News

Revealed: Forecasts of greenhouse gas emissions from fossil fuels soar in Trump’s first 100 days

Global debt soars to 356% of GDP

NatWest profits soar by 36% as full privatisation looms

Meta And Microsoft Stocks Soar On Robust Earnings Reports

Vinted Sales And Profits Soar As Second-Hand Fashion Demand Booms

Deliveroo shares soar after £2.7bn offer from American rival DoorDash

Vladimir Putin spends big—and sends Russia’s economy soaring

Demand for high-end cameras is soaring

Bullion coin sales soar as Britons flock to ‘protect wealth’, Royal Mint says

Bullion coin sales soar as Britons flock to ‘protect wealth’, Royal Mint says

‘It makes me sick’: the Amsterdam shops closing because of soaring rents

Where has rent increased the most? Interactive map reveals the 113 areas where prices have soared by 50% in a decade - and NO part of London makes the top 30

Asian shares soar after Wall Street rallies into a 3rd day

Google Earnings: Stock Soars As Q1 Results Shatter Expectations

Alphabet's Q1 earnings shattered analyst expectations, sending the stock soaring. Google's CEO credits its AI efforts.

Trump’s meme coin soars after he asks top 220 holders to dinner

London fintech giant Revolut's profits soar to £1.1 billion

Trump crypto soars as president offers dinner to top holders

Inheritance tax receipts soar to record high as experts warn more people will have to pay

Gold soars to a new high as economic uncertainty deepens. Here's what to know

Business News

‘I’m a money expert - this tip will make a serious difference to your savings’

Santander customers could save £600 a year as 50 changes introduced

Pub and restaurant closes suddenly after 150 years in ‘massive blow’ as customers left ‘devastated’

‘Thunderbolts*’ Eyes Low To Mid-$70 Million Opening At Weekend Box Office

Naoya Inoue Vs. Ramon Cardenas Title Fight Ring Walk Times

Dunelm's 'bright' £15 decoration adds 'permanent colour' to gardens

Home Bargains slashes 76% off £34 'purifying' Elemis beauty product

High street chains closing stores in May including Poundland and Shoe Zone - see full list

UK's 3 supermarket sun creams ranked the best and it's not Nivea

Primark's 'gorgeous' £12 hat shoppers 'need' for Beyoncé Cowboy Carter tour

'I tried Scarlett Johansson's skincare trio and one stays in my handbag'

Where to buy Olivia Attwood’s Labubu bag charm as the dolls become summer’s must-have accessory

Reason why your landlord could owe you money - plus how to save for a rent deposit

Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions

Car Prices Expected to Rise as Tariffs on Parts Kick In

I'm a financial expert - divorced women are missing out on millions thanks to 1 thing

Dove Cameron Wants To Be Drawn Like ‘French Girls’ On New Single

Today’s NYT Mini Crossword Clues And Answers For Saturday, May 3rd

Every UK supermarket opening time for this weekend's May bank holiday

IBS sufferers 'not rushing to the toilet' and feel 'less bloated' thanks to sachets

Subway drops below 20,000 US stores for the first time in 20 years as closures outpace growth

United Airlines axes dozens of daily flights at Newark Airport over delays, FAA walk-offs: ‘No other choice’

Britain’s biggest toy chain with over 160 UK stores to close town centre site for good TODAY

Today’s ‘Wordle’ #1414 Hints, Clues And Answer For Saturday, May 3rd

Maroon 5 And Lisa Team Up For ‘Priceless’ New Collab

Judge slaps down Trump's 'cringe-worthy' executive order targeting Perkins Coie

How major US stock indexes fared Friday, 5/2/2025

Musk's next task? Reviving Tesla in Europe where sales have plunged by more than half in a year

Steelmaker Cleveland Cliffs to idle 3 steel plants in Pennsylvania and Illinois

Trump administration asks Supreme Court to let DOGE access Social Security systems

Medical misdiagnosis cost NHS £376 million in claims including brain damage and cancer

What Time Is 2025 Kentucky Derby? How To Watch On Free TV And Streaming

How Tariffs Are Reshaping Retail Hiring Strategies

Newark Airport Is Experiencing Major Flight Delays. What’s Causing Them?

Meta partners with film studio Blumhouse on chatbot used during recent movie screening

Major pizza chain to temporarily SHUT 13 restaurants in UK after worrying review – is your local affected?

UK’s cheapest supermarket for 79 essentials revealed – it’s not Lidl, Asda, or Tesco

Hannah John-Kamen On Rematerializing As Ghost In ‘Thunderbolts*’

Cheapest supermarket for April 2025 named - and it's £48 less than most expensive

Why is the government bond market so powerful? This is Money Podcast

Prince Harry said he wants 'reconciliation' with the royal family. Here's a timeline of his and Meghan Markle's tumultuous relationship with the royals.

US scores Ukraine minerals for AI & EVs

Women face chaos trying to get a Real ID

Why it's so hard to find a public toilet

M&S supplier resorts to pen and paper after cyber attack

Self-driving trucks start making the rounds in Texas

Trump budget proposes to eliminate embattled Job Corps program

Trump budget includes cuts to FBI, DOJ

Six Flags America in Maryland to close at the end of 2025 season

A 'big scam'? The end of a shipping loophole on China goods and what it means for consumers

Ex-New Yorkers dish on why they moved to Florida for good: ‘People thought we were crazy’

Ex-Kohl’s CEO posted LinkedIn video of lover 3 months before scandal broke: ‘No wonder you got exposed’

NatWest’s profits jump by a third as bank’s return to privatisation could be weeks away

Full list of the DWP benefit errors that can lead to owing £1,000s – including ticking the wrong box

Well-Traveled Christian Elliss Grateful To Extend His Stay With Patriots

S&P 500 Notches Longest Winning Streak Since 2004 As Stocks Claw Back From ‘Liberation Day’ Crash

Iberian Blackout: Electrify Everything—and Have A Backup