The Correlation Between Home Values, Price Appreciation And Income

There is a connection between personal income and housing prices.  If housing prices increase at a faster pace than income for any extended period of time, housing will become overpriced compared to the local markets’ ability to afford it and it will inevitably return to equilibrium.  This means price declines… at least relative to incomes.  Essentially, …

The Correlation Between Home Values, Price Appreciation And Income Read More »