Anyone know where a histogram of hsooehuld incomes is available? Someone recently posted the astute observation that median home price should not be related to median income, since the lowest incomes will be unable to buy. The 60% income level was suggested as the effective indicator. Is there any better way to estimate this price-supporting income? One method would seem to be to take the number of owner-occupied properties and simply integrate down along the income histogram until this number of hsooehulds is reached, and take the median income of that population as the median home buyer. I suppose this has many naive assumptions. Feel free to point them out or provide links. I'm fairly new to this blog, so missed it if this has been shot down before. Rate this comment: 0 0

by Ceylan 06:32:52 AM 2013.01.27