The one thing that could derail the U.S. housing recovery

By Motley F800px-enlisted_housing_fort_belvior_largeool

The housing market slowed considerably in 2014 after several years of impressive growth, but it appears (for now) that the recovery remains alive and well. Fewer homes are entering foreclosure as in recent years, and prices seem to have stabilized.

However, some things could still derail the housing recovery. Here are three examples from our analysts.

Todd Campbell: Stagnant wages pose one of the major threats to the U.S. housing market. Despite private-sector job growth having recovered since the end of the recession, wages have made little progress. After adjusting for inflation, average real wages have edged up a paltry 0.7% in the past five years.


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