Wal-Mart’s massive housing market collapse was the first major financial crisis since the Great Depression, but it will likely be the last.
A new report from the Center for Economic and Policy Research (CEPR) has found that in the past 50 years, home prices have plummeted as the country has become increasingly expensive for consumers.
The average price of a home in the U.S. has fallen more than 8 percent over the past 10 years, according to the report, which is the first comprehensive look at home price trends for 50 years.
As the nation has become more expensive for Americans to live, more people have left the workforce, making it harder for people to find affordable housing, according the study.
While it may not seem like a huge difference, the data shows that households are more likely to have to rent out their homes in order to afford a home, the report states.
If home prices continue to drop, the economy may not be able to absorb all the costs of housing.
It will be up to homeowners to keep their homes and stay in the market as they search for the best value.
In the U, homebuyers are more willing to sell their homes to keep prices up because the cost of housing is far higher than it used to be, according a report released in December by the Mortgage Bankers Association.
More people are also willing to spend money on repairs and renovations, which could make a home less affordable in the future.
“Homebuyers who want to sell are also much more willing than before to do so when the price of the home is near the bottom,” the report says.
To help with housing costs, the government has stepped up its assistance for first-time homebuyer and owner-occupier homeowners, including a $15,000 loan that covers up to 80 percent of the purchase price of their first home.
Some of these programs have made home prices affordable, and a growing number of people are using them to purchase a home or other financial assets, such as stocks or bonds, the study states.
The report comes at a time when many Americans are struggling to get by.
The unemployment rate is nearly 7 percent, and the number of Americans without health insurance is nearing 24 million.
Home prices have skyrocketed over the years, as the economy has shrunk and the government stepped up housing assistance.
But while the housing market is on the mend, it’s still far from what it once was.
Worst of all, the financial crisis has hit families harder than the rest of the population.
In fact, home sales in the metro area have plunged as well.
This article was originally published on The American Conservatives.