Home Value vs Average Salary over Time

[boosami]

I just put this graph together because I was interested in seeing what it would look like. All the values are adjusted to 2008 dollars. It's no wonder home values are dropping... If it kept up, no one would be able to afford a home!

[Broken Arrow]

Interesting! The housing bubble was pretty big though, but hopefully, it will keep falling. I also hear that renting is making a comeback due to this recession. Some management companies have switched gears towards rentals, or so I heard from a local realtor.

[simpletron]

I think a more interesting graph is the average home price/average income. it oscillates a little above 3, so the average family can afford an average home if they want to. then shoots up to almost 6 at the hieght of the boom before dropping and you're left wondering, just how many people could really afford it at 5 or 6 times average income.