GenXer what is your housing situation? Are you looking? Already own? Looking to sell? Just making observations on the market?
I’d be more interested in comparing $/ft vs local median household income to that of earlier times. I find it ridiculous when comments are made that someone is financially unstable if you cannot afford housing making $55k/year. That number is significantly different from southern California or NYC vs middle of nowhere Iowa. We make more than that and I still think it’s nuts what you get for your money. Although we may not be looking to max out our pre-approval like most
In my area, a nice home in a nice area comes out to about $190-$200/ft, but the median is closer to $140/ft. I’ll tell you, you do NOT want to live in this town at that price. Median household income is about $50k.