Crunching the numbers...
Date
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Price-to-Income Ratio
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Median Home Price
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Avg. Annual Earnings
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30-Yr Fixed Rate
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How It Works
Price-to-Income Ratio: The total cost of a 30-year mortgage (principal + interest) divided by annual earnings. A higher ratio means housing is less affordable.
Data Sources
- Earnings: BLS Average Weekly Earnings, Total Private (CES0500000011)
- Home Prices: Zillow Home Value Index via FRED (USAUCSFRCONDOSMSAMID)
- Mortgage Rates: Freddie Mac 30-Year Fixed Rate via FRED (MORTGAGE30US)
Dual Income: Estimated at 1.4× single-earner income, reflecting typical dual-income household dynamics.