American household income fell in May, even with the unemployment rate at the lowest level in almost 50 years.
Median household income fell 0.6% from the prior month to $63,799, according to a report by Sentier Research on Tuesday. That’s combined gross wages plus retirement and military benefits of all people sharing a housing unit. The unemployment rate in April and May was 3.6%, the lowest since December 1969.
For many, a thriving jobs market and a historic bull market have helped make the popping of the housing bubble a decade ago a distant memory. But for others, the deep cuts caused by the real-estate collapse have yet to heal.
Cost-estimating website HowMuch.net created this graphic to illustrate where the recovery has taken hold — and where it hasn’t — across the country. As you can see, some parts of the U.S., as of 2017, never returned to 2007 levels.
Continue reading “Where the recovery in the housing market has come up short, in one graphic”