SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ahhaha's ahs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ilaine who wrote (1447)3/9/2001 10:53:15 PM
From: GraceZRead Replies (3) of 24758
 
Thanks for that link.

Here's a good one. The affordability index.

nar.realtor.com

According to this, the family with a median income can easily afford the median home and has a higher affordablity index in January 2001 than in any prior month since 1998. Interesting because the median home price rose so sharply in January. Turns out it's not because of a big rise in income, but surprise, surprise because interest rates have dropped.

Now for some reason when I brought up the idea that dropping mortgage rates made more expensive houses more affordable by lowering monthly payments and that had the side effect of raising median home prices, I was dismissed as a fool. I guess there is just a coincidental relationship. After all, I can't imagine Americans actually always buying the most expensive house they can afford, a realtor wouldn't pressure you to do that, now would they? I mean it's not like their commission is riding on the sale price of the house you buy. Besides the American way is to live well beneath ones means.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News