urbanexus

New Home Prices vs. Median Income Chart

This is interesting but national figures mask the tremendous variations in metropolitan housing markets. And we must keep in mind that while affected by monetary and other national policies, there is no national housing market. In a chart like this it would be interesting to have third line that would showing the net aftertax cost of owning the median priced house (which would require assumptions about the percentage of purchase price financed, etc.)