Word: medians
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Dates: during 1980-1989
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...workers closest to the President is the Professional Air Traffic Controllers Union, which in fact endorsed Reagan as a candidate. The PATCO employees, along with workers in such heavy industries as steel, automobiles, petroleum refining, mining, construction, and most defense-related industries have annual incomes significantly above the U.S. median. The gap in wages and benefits between these workers and those in lighter, more labor-intensive industries such as textiles, furniture, jewelry, and all sorts of non-professional service has increased steadily since the Second World War. In 1950, the typical ladies' garment worker's wages were 67 per cent...
...Median-priced homes are the part of the market hit hardest by the slump...
...result of slow sales, house prices are now dipping in many parts of the country for the first time in years. Nationally, the median price for a single-family new home inched down $200 from May to June, to $71,600. California Developer Peter Landau has slashed the prices on his two-bedroom Countrylane Townhouses in the San Fernando Valley outside Los Angeles from...
...housing experts believe that the sluggishness in prices will continue long enough to produce a drop in housing prices over the course of the entire year. That has not happened since the recession year of 1970, when the median price declined to $23,400 from $25,600 the previous year...
...variable rate mortgages and shared appreciation between the bank and the buyer. But creative financing has become necessary for many would-be homeowners, contends Willard Sprague, an economist at San Francisco's Wells Fargo Bank. Says he: "Only about 10% of California households can afford to buy the median-priced home [$105,800 in California] with conventional financing...