ownership vs. recovery

By
Industry Observer with Howard Sumner Consulting

 

Thought to ponder from peak ownership rate, to today the ownership rate has dropped 3%, based on the time before the explosion in housing it was holding about another 2% lower than it is today. Based sales and on the information below is the glass half empty or half full or is it as full as it most probably going to get nationwide?

 

30 year pi median sales price 1985  $932---30 year pi median sales price 2013  $1094

median earnings 1985 $17,88 44.79% of the income to  qualify for the payment

median earnings 2013 $39,936 85.18% of the income to  qualify for the payment

 

 

 

 

Comments (1)

Joel Weihe
Realty World Alliance - Wichita, KS
Helping you to use your VA home loan benefits

My thoughts would be half full for home ownership but I am a little concerned about a new bubble forming. It seems a lot of the big investment banks are buying up properties throughout the US for rental use.

Mar 20, 2013 01:28 AM

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