11-29-2007, 06:36 PM
interesting. So according to 1998 income to price ratio, median price should be around 275,000 now.
If the market was in fact undervalued then, then that should push it up around 300,000k (and I seriously doubt an area with such a good job market would be that much under valued)
Interest rates should affect this as well, so I will look up interest rates in 1998 vs now, but I doubt that will affect the numbers over 20k.
edit: wtf, why is my post above his?
If the market was in fact undervalued then, then that should push it up around 300,000k (and I seriously doubt an area with such a good job market would be that much under valued)
Interest rates should affect this as well, so I will look up interest rates in 1998 vs now, but I doubt that will affect the numbers over 20k.
edit: wtf, why is my post above his?