While gross domestic product (GDP) grew at an annualized rate of 4.2 percent, the strongest in nearly a decade, the unemployment numbers are falling because people are withdrawing from the workforce. As MHProNews.com has learned, the economic base has declined in many traditional employment sectors, with median wages remaining depressed. Median household income is eight percent lower than in 1999, in real terms, compared to the fourth quarter 2013. “With median wage levels stagnant, many potential buyers do not have the resources necessary to participate in the home ownership market,” says Hilts.
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