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Given the assumption above, this ratio is valid across the entire US housing market and allows us to directly compare one market to another (assuming, of course, we are using local values for median family income and median home price). … See the rest here: Housing Price-to-Income Ratio as a Way to Measure Maximum Local …  Read More →

Given the assumption above, this ratio is valid across the entire US housing market and allows us to directly compare one market to another (assuming, of course, we are using local values for median family income and median home price). … Originally posted here: Housing Price-to-Income Ratio as a Way to Measure Maximum Local …  Read More →

The boom made housing unaffordable for many American families, especially first-time home buyers. During the 1990s and early 2000s, it took 19% of average monthly income to service a conforming mortgage on the average home purchased. … Read the original: Things to Know Blog Archive The Housing Crisis Is Over WSJ.com  Read More →

A roundup of economic news from around the Web.House Price to Income Ratio: CalculatedRisk has an excellent blog post looking at the ratio between home prices and median income , and how it’s been severely out of whack for years. See the original post here: Secondary Sources: Home Prices and Income, Oil, Outrage, Central …  Read More →