Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
Low incomes, not rising prices, key to sluggish housing market
June 30, 2014
The housing market has been hampered, says mortgage broker Lou Barnes, not by rising home prices but by flat incomes. While markets are seeing prices inflating, says Barnes, wages remain stagnant, leading to poorer housing affordability.
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