Home Prices vs. Annual Incomes
Home prices in the U.S. were ~ 2.9 times incomes from 1985 to 2000. This price-to-income ratio peaked at ~ 5.1 in 2005; as of early 2013, prices were ~ 3.3 times national incomes (~ 14% > historical trend).
Home prices in the U.S. were ~ 2.9 times incomes from 1985 to 2000. This price-to-income ratio peaked at ~ 5.1 in 2005; as of early 2013, prices were ~ 3.3 times national incomes (~ 14% > historical trend).
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