Home prices in the United States were around 2.9 times a buyers income from 1985 to 2000, in a study reported on Zillow.com The study conducted by Zillow.com reviewed the “Relationship between local incomes and home values over time, pinpointed the historic norm, and compared today’s price-to-income ratio.” The ratio changed over the last decade where home prices peaked nationally around 5.1 times a buyer’s income. Since the theRead more about Raleigh home prices – A good time to buy?
Monthly Archives: August, 2011
Inventory of unsold homes is at the lowest level since the housing downturn began. “It’s good news, maybe” according to Wall Street Journal real estate writer Nick Timiraos. At the end of June, nearly 2.34 million homes were listed for sale on multiple-listing services in more than 900 metro areas, the lowest level for that time of year since at least 2007, according to Realtor.com. In some cases, inventoryRead more about Reduced housing inventories… Good or bad?