Realtor.com Reports Active Inventory UP 29.1% YoY; New Listings Up 7.2% YoY
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*What this means:* On a weekly basis, Realtor.com reports the
year-over-year change in active inventory and new listings. On a monthly
basis, they report t...
4 hours ago
2 comments:
When you look at the median sales price divided by disposable personal income a very humble picture is present: even at its low point, median sales price of new houses are 6 times that of disposable personal income. So, even when the median new house price is cheap, it is still relatively expensive on a per capita basis.
The per capita American would need to save 3 times their disposable income to put down as downpayment just to buy the house with a mortgage that is 3 times their income. And consider that the personal saving rate just shot up to 6.5%! Is that even a good sign?
Luke Smith,
I think the "per capita American" is facing enormous headwinds over the long-term. Sigh.
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