There has been a lot of talk the last week or so in the comments about home prices and incomes. I’ve linked up my September post on the topic a few times, but I thought it would be nice to run an update since it’s been half a year. Here’s my conclusion from that post:…
Tag: price-to-income
Top 30 Cities: Price to Rent & Price to Income Ratios
As something of a follow-up to September’s Big Picture Week, I thought I would post another update to the multi-city price metrics table. This time I figured I would expand the list to the top 30 so DC, Vegas, and Portland wouldn’t feel left out. Data is current as of August 2010. Previous posts covered…
Big Picture Week: Price to Income Ratio
Like the price to rent ratio, it’s been over a year since we visited the subject of Seattle’s home price to income ratio, so let’s take another look. Here’s how the ratio stacks up when you use King County median household income data from the OFM: Not too different from what we saw in yesterday’s…
Charting How Much Home the Median Income can Afford
A few days ago on my sarcastic interest rates post, Dave0 asked: I wonder what the chart would look like if you graphed out, from 2000 to present, the price someone could afford to buy with the given interest rate at the time (from the graph above), with payments equal to 28% of the median…
Top 25 Cities: Price to Rent and Price to Income Ratios
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 back…