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Tuesday, July 25. 2006
Mortgages and income
NB - originally posted 20060609
Inspired by Barry Ritholtz's discourse on owners' equivalent rent and inflation, I ran some numbers. Above a chart from 1986 of the mortgage payment for a national average fixed mortgage on a national average price home expressed as a percentage of the median income for families of four (I fudged the income numbers for 2005-6).
FD: still short one homebuilder
Update 20061118
Renamed graphic, changed graphic link to HPI
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Mortgage of index home at index rate, percentage ofmedian four-person family income, 1986-2006 The OFHEO released its housing price index for Q3 today. Repeating my Q1 analysis, I take a median-price home (per the NAR currently $221,000), apply the HPI
Tracked: Nov 30, 19:12