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…
Tag: affordability
King County Home Prices & Affordability 1950-2009 Q1
A reader pointed out that I had not provided an updated chart of the long-term (50+ year) trend of local home prices since I originally posted my research in February 2008. So, here’s an updated look at the long-term trends in local home prices and affordability: So much for Steve Tytler‘s famous “stair step” theory…
Seattle Homes Still 10-20% Overpriced Compared to Rents and Incomes
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…
Simple Affordability Calculator
I’m in Texas for the weekend with limited access to the internet, so unfortunately I was unable to write a substantive post today. However, I did have some time on the airplane to create a javascript version of the basic affordability calculator I developed in Excel a few weeks ago. Given that home prices are…
Bottom-Calling: Affordability Index Forecast
The affordability index is something we have visited multiple times in the past on these pages. If the concept is new to you, or you just feel like a quick refresher, I recommend you check out the following posts: Seattle Soft Landing: Do The Math A Question Of Affordability Revisiting Seattle’s Soft Landing King County…