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Are home prices too high?

Posted By Tom Jackson On February 20, 2009 @ 5:24 pm In Construction News | No Comments

According to this chart of the relationship between income and home prices [1], they are absurdly so. Nothing the government can do will get the housing market moving again until this ratio is brought back to reality.

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[1] income and home prices: http://www.ritholtz.com/blog/2009/02/us-existing-house-price-median-family-income/

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