Sunday, September 29, 2013

The Affordable Housing High-Wire Act

The following chart shows the median price of new homes sold divided by the median household income.

Click to enlarge.

HUD: Affordable Housing

Who Needs Affordable Housing?

More people than you might realize.

May 2013
REALTOR: Not a High-Wire Act

The economic benefits of a strong housing market are clear. Housing has contributed 17 to 19 percent to the national gross domestic product on average over the past four decades; it still accounts for about 15 percent of GDP despite ongoing challenges to housing markets around the country. And home ownership remains the greatest tool for wealth creation our nation’s families have.

Parabolically increasing home prices relative to income for the win! It's the greater fool's greatest tool!

Source Data:
St. Louis Fed: Custom Chart

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