[quote=AN]In that case, then yes, that’s the only way I can think of that will make home price rise again (income inflation). In some surveys, some companies are starting to unfreeze pay increases.[/quote]On the anecdotal front, this is exactly along the lines I’m thinking. Many employers have instituted wage frees at one time or another in the last 9 nine years, and when they un-freeze them, they don’t usually make up the difference. Disclaimer: haven’t worked for a large employer, so my opinion is way out of its element there.