By request, here’s an update to my table of housing stats for the top 30 largest cities in the country. Actually this time it’s the top 31, since Las Vegas got ousted from #30 by Oklahoma City the last time I did this list (in late 2010). Also of note: Detroit’s ongoing dramatic decline in…
Tag: price-to-income
What Does a “Recovery” in Real Estate Look Like?
When you read a story claiming that a “recovery” is just around the corner for real estate or that the housing market is “recovering,” what does that mean to you? Some people (mostly people who bought near the peak and real estate agents) think recovery means that home prices and home sales volumes will get…
Big Picture 2011: Price to Income Ratio
Okay, let’s have a look at how local home prices compare to local incomes. This is basically the same thing we’re looking at when we talk about affordability, but with interest rates taken completely out of the picture. First, let’s check out the ratio between home prices and King County median household income data from…
Low Rates Make WA Real Estate Appear Undervalued
I was going through some older posts recently, looking for some ideas of data sets to update, when I came across this November 2007 post written by Deejayoh: Washington Real Estate: 40% overvalued? Here’s a brief excerpt from his post: I ran across this very interesting analysis of the California real estate market by Goldman…
Seattle Got Richer Just Before the Housing Bubble
In the comments on yesterday’s post, Jonness took me to task for my claim that the incomes of likely homebuyers saw a notable boost between 1996 and 2001. Ask yourself why house prices have fallen less percentage-wise in Thurston County than King County? Google doesn’t have a campus in Olympia, and very few people down…