Your Money Matters (A Special Report); The Journal Report Online
CAPITAL EXCHANGE: HOUSING PRICES</br></br>CAPITAL EXCHANGE ALLOWS readers to weigh in on The Wall Street Journal's weekly Capital column, in which David Wessel looks at the economy and the forces shaping living standards world-wide. Here are some of the reader comments (and Mr. Wessel's responses) to the recent Capital column about Federal Reserve officials showing more signs of worry on rapidly rising housing prices.</br></br>RICK BROOKS WRITES:</br></br>I have heard of a long-term relationship between house prices and annual income or wage growth. Do you know of any studies that make the case for this relationship?</br></br>DAVID WESSEL RESPONDS: