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re: Case-Shiller: Home prices fall in January

Posted on 3/27/12 at 9:41 am to
Posted by NukemVol
Member since Jan 2010
1636 posts
Posted on 3/27/12 at 9:41 am to
quote:

The large number of foreclosed homes, combined with a high unemployment rate, has depressed the home market since a real-estate bubble burst in 2007. Many Americans, especially younger people, lack the financial means to buy a home despite ultra-low mortgage rates.


Is there a stat that relates home prices to median income, perhaps by percentile or demographic? As a young guy, home prices just seem too high. And we all know how the bubble was, did we actually hit the floor, or could it actually worsen in the next decade or so.
Posted by NukemVol
Member since Jan 2010
1636 posts
Posted on 3/27/12 at 9:47 am to
Found one.



But part of me also is curious about demographics. Because the baby boomers represent the wealthiest age group. So if more and more leave the market which most should be just about out, would that have an effect?
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