Sunday, July 20, 2008

State Incomes and Home Prices

Although a bit dated (2006), I found the information interesting (is that strong 3rd earner in Hawaii from the surfers crashing in the spare room?!?!)...

I then did a REAL ROUGH comparison (hey it's Sunday morning!) of the Case Shiller Home Price Index for select cities t0 the Median State Family Income of that state (the multiples below) to see where home prices were expensive on a relative basis.

Even after the significant cliff diving areas such as Florida, Southern California, Arizona, and Nevada have seen, it looks like there may be additional price declines to go...

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