By The Tim on January 29, 2010
J.D. Roth over at Get Rich Slowly put up a post Wednesday about renting vs. buying, sort of a follow-up to my 2007 post over there. In it, he said that he couldn’t find any info on current price-to-rent ratios around the country, so I thought I would update the list I put up [...]
Posted in Statistics | Tagged Get Rich Slowly, income, price-to-income, price-to-rent, rent, top-25
By The Tim on September 24, 2009
Building on the data that was presented yesterday, here’s a sortable table of some more detailed housing stats for the 25 largest US cities by population. Included below are population, density, median sale price, median price per square foot, median rent, median household income, median list price, and some ratios of sale prices to [...]
Posted in Statistics | Tagged income, price-to-income, price-to-rent, rent, Seattle_is_special, Statistics, top-25
By The Tim on August 27, 2009
Seattle Times business reporter Eric Pryne quoted me yesterday in his article about the affordability index, and as I was reading through the comments posted at the Seattle Times website, I noticed an awful lot of misconceptions about what the affordability index is, and what it tells us. So, I thought maybe it would [...]
Posted in Statistics | Tagged affordability, down payment, income, Interest Rates, NWMLS, Pryne, Seattle_Times
By The Tim on August 14, 2009
Here’s an update to the area-wide price-to-income and price-to-rent ratio charts we first posted back in April.
These charts are based on per capita income, “Median Contract Rent” (from 2005 adjusted using the “rent of primary residence” component of the CPI), and Case-Shiller home prices indexed to the county-wide median. They are not intended to [...]
Posted in Statistics | Tagged affordability, fundamentals, income, price-to-income, price-to-rent, rent
By deejayoh on June 1, 2009
There have been a couple of discussions in the comments section in the last week or so about the relationship between home prices and incomes. I thought it would be a good time to queue up a post about the long-term price-to-income trends, where we are now, and what the possible outcomes could be.
The analysis [...]
Posted in Features, Statistics | Tagged fundamentals, income, long-term, PCI, price-to-income
By The Tim on April 2, 2009
Inspired by this post from Rich Toscano down in San Diego showing that home prices there have reached historically reasonable levels when compared to rents and incomes, I thought I would put together some similar charts for Seattle to see how close we are to reasonable home prices.
Here’s the chart for home prices to per [...]
Posted in Statistics | Tagged affordability, fundamentals, income, price-to-income, price-to-rent, rent
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