The Demographia International Housing Affordability Survey for 2007 which measures affordability of housing in 159 cities in Canada, the United States, Britain, Ireland, Australia and New Zealand has just been released.

This third annual survey compares median incomes for an area to housing prices and produces an affordability ranking for each.  Markets where homes can be purchased for less than 3 times the median income are considered affordable.

Regina, Saskatchewan and Fort Wayne, Indiana took the prize in the "Most Affordable" category. In either of these markets a typical home can be purchased at just two times the median income.

Los Angeles-Orange County, California topped the list of the "World's Most Unaffordable Housing Markets," where you can expect to pay a whopping 11.1 times the median income for a house.

Find out how your market faired here.

 
Posted by Norm Fisher on 01/22/2007 06:47 PM   Comments (3)   prices, surveys  
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3 Comments on Just Released, International Housing Affordability Survey

JAN
23
2007

Hi Norm, Thanks for the link.

I'd appreciate if you would add me as an associate on your blog; I'd like to  keep updated with these kind of stats and it's obvious your on top of this kind of info.

3:37pm • #1
1 Featured Post
Thanks Peter. I have added you.
4:07pm • #2
JAN
26
2008
256,175 Points 2 Featured Posts

Interesting post Norm.

May I suggest that you edit the post to include the Canada, eh group. It's an easier to find Canadian's posts on the group page.

Update - I just read the report - extremely enlightening! Thanks for sharing this.
7:08pm • #3


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Norm1

Norm Fisher

Saskatoon, SK

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Royal LePage Saskatoon Real Estate

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