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The ratio of property prices to income has fallen to 3.3 from a peak of 5.1 in 2005, a study...

Aug. 17, 2011 8:39 AM ETBy: Yigal Grayeff, SA News Editor2 Comments
The ratio of property prices to income has fallen to 3.3 from a peak of 5.1 in 2005, a study from real-estate firm Zillow shows, although the figure is still above the 2.9 average in 1985-2000. Prices in Las Vegas and Detroit in particular have dropped significantly.

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