What can you discover when you chart median new home sale prices against median household income?
Here’s the visualized beginning of the answer to that question, using annual data from 1967 through 2021 and monthly data from December 2000 through December 2022!
What you first see is there are some long running and often linear relationships between these two variables.
And what you find is that when you get to 2000, bubbles begin inflating that break down those relationships.
We’ve highlighted that region with the red-dashed lines in the chart, so let’s zoom in on it in the next chart.
Everything is OVERPRICED !!! THANK BIDEN
Very true 4:08, but housing has been over priced for years due to immigration which creates lack of supply.
Depending on location – real estate and having land long term has given a positive result to families. Challenge is the word Family in 21st century.