US incomes rise as growth in home values slow

New York

A TREND that's helped force US home ownership to a 50-year low may finally be running out of steam.

According to a new report from Zillow, a real estate and rental marketplace, incomes are now rising faster than home values for the first time since 2011. The data shows that home values have been growing at a 5 per cent annual rate since the beginning of the year, outstripped by 2015's income growth of 5.3 and 5.4 per cent for family and non-family households respectively.