
- May 15 2003
- Volume 10
- Issue 9
AFFORDABLE HOUSING
Financial experts who have forecastedan end to the rise in real estateprices have yet to see their predictionscome true. Despite higherprices, however, a new home is stillan affordable option for mostAmericans, according to a recent statisticalsurvey. The survey shows thatthe average home costs 3.6 timesmore than the average household income,up from 3.2 times the averagehousehold income 3 years ago, butstill well within the range of pricesover the past 2 decades. Because ofplunging interest rates, the medianpercentage of household income devotedto mortgage payments is 22%,the same level it was at in 1999.
Articles in this issue
about 18 years ago
Postwar Economy Refocuses Attentionabout 18 years ago
Model Portfolio Series: Conservative Growthabout 18 years ago
How Does Your Financial IQ Measure Up?about 18 years ago
History Provides Lessons in Investingabout 18 years ago
Read the Market's Long-Term Performanceabout 18 years ago
Less Is More When Buying Stock Spinoffsabout 18 years ago
Weigh the Aspects of Variable Annuitiesabout 18 years ago
Maximize Your Sale of Stocks at a Lossabout 18 years ago
Realize the Importance of Market Timingabout 18 years ago
Speed Through Annual Reports Like a ProRelated to this article








