Record high US income gap threatens housing recovery

Record high US income gap threatens housing recovery

Inequality between the richest and poorest metropolitan areas in the US is at its highest since 1969, and could hamper the recovery of the housing market that was at the heart of the 2008 financial crisis.

A report by the US Commerce and Labor Department shows that when analyzing the largest 100 metropolitan areas in the country, the disparity between the 10th most affluent region and the 90th in terms of house prices is now at its widest since records began in 1969.

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