price-to-income Archives - Citizen Watch Report

Home price-to-income ratios are skyrocketing in the world’s major cities.

October 11, 2023 9:22 pm

Home price-to-income ratios are skyrocketing in the world's major cities. In Shanghai, home price-to-income ratios just crossed 50x. China now has 5 cities with home price-to-income ratios above 30x. Even in New York City, home price-to-income ratios just hit 10x. …

Home price-to-income ratio surpasses 2008 housing bubble. US median home price rises 38% since 2020, mortgage rates is up from 2.7% to 7.1%. They will kill houses?

July 19, 2023 3:41 pm

https://t.co/HalIfhU6gE — Win Smart, CFA (@WinfieldSmart) July 19, 2023 The median home price in the U.S. is up ~38% since 2020. The average interest rate on a 30-year mortgage is up from 2.7% to 7.1% in ~2.5 years. The average …