Thursday, February 25, 2010

Housing market: is it safe yet?

This article from the 1st quarter of 2009 indicates further falls are still expected. especially in certain markets.
http://www.nytimes.com/2009/04/22/business/economy/22leonhardt.html?_r=1
Click on the lines in the chart to identify the markets where the ration of median home prices to income are the greatest. Why do you think they differ from city to city?