by Cougar » Sat May 31, 2008 11:13 am
With the Median Family Income, Estimated in WA – 2007 at $63,500, what percent of King County's estimated population of 1,826,732 be able to buy? With slick financing gone we are back to stated income loans. Homes currently on the MLS are priced at the 2006/2007 standard with inventory rising.
How many can purchase;
a) over $1,000,000
b) over $ 500,000
c) over $ 250,000
d) over $ 100,000
I say a majority (75%) fall below qualifying for a $500,000 home. What does the median home price need to look like for families survive?
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