Chris1206

How Much Further Will Housing Fall?

You are defining the median household income of $50,233 as a person. It is not it a *household*. In 2007, the median earnings of men who worked full time, year-round was $45,113. For women it's $35,102. What is the percentage of home buyers that are couples that both work? Or, one member is a stay at home mom/dad?

I think double-incomes need to be added to the conversation versus just the median household income.