Posts Tagged ‘housing prices’

More On The Housing Market

Gary Shilling of A. Gary Shilling & Co believes that the housing market has another 20% to go before it will bottom out. BusinessInsider has a pretty extensive slide show explaining how he came to that conclusion. I noted a few weeks ago that I don’t think the housing market has bottomed out. Despite what […]

Median Home Prices vs. Median Income

The national median existing-home price in July 2010 was $182,600 [source]. The median household income in 2008 was $52,029 [source]. To account for some rising income and play it conservative we’ll call it $55,000 for 2010. I haven’t found any official number later than 2008. We should also note that this estimation ignores the current […]