Bank of America plans to raise the minimum wage of its 205000 employees. big bank CEOs to testify before the House Financial Services Committee on .. Some have suggested that the move will help fend off criticism about the. When buying a home, many Americans consider a 20% down payment to.

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These are key numbers that may put a smile on potential home buyers’ faces. Wages rose 0.5 percent in the second quarter of 2018. Through August, wages rose 2.9 percent over the previous 12-month period. Private industry compensation increased by 2.9 percent. Government compensation increased by 2.3 percent, down from 2.6 in 2017.

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U.S. Wage Increases Could Help Home Buyers The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate.

Rather, the uptick in home prices is a natural reaction to an inventory shortage and economic growth. The optimistic news for prospective home buyers is that wage growth appears to be gaining on home costs. As the gap closes, it’s likely that more and more people will be financially able to secure the American Dream of owning a home.

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The latest data on U.S. jobs by the Census Bureau has indicated rising wages. experts weigh in on whether these increases will translate into easing the burden of rising home prices for homebuyers.

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Rather, the uptick in home prices is a natural reaction to an inventory shortage and economic growth. The optimistic news for prospective home buyers is that wage growth appears to be gaining on home costs. As the gap closes, it’s likely that more and more people will be financially able to secure the American Dream of owning a home.

U.S. Wage Increases Could Help Home Buyers The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate.

U.S. Wage Increases Could Help Home Buyers. October 12, 2018 by Emanuel Stewart. The struggle to achieve the American homeownership dream often feels like it happens in a vacuum. Everyday people work hard, save money and polish up their credit to get a low mortgage rate.