The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: mishedlo who wrote (49384)	3/3/2006 11:25:47 AM
From: gpowell	Read Replies (2) of 306849

That analysis is flawed. It now takes two incomes to buy a house. It used to be that one wage earner could buy a house The report is consistent with my national housing price trend: i10.photobucket.com All the data I have reviewed or developed indicates that house prices since late 2005 fully reflect current conditions with respect to: buyers income, equity holding preferences, mortgage rates, expected inflation. BTW, two income families were a causal factor in home price appreciation up to 2000, i.e. women entered the workforce giving the family the ability to bid up home prices. But that demographic shift is complete.

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