Median Home Prices have fallen to levels seen in the early 2000′s. Statistically over time, real estate in CA has appreciated in value and considering real estate as a long term investment, in this current market, is the best bet for most home buyers.
About Lisa Cartolano
About Lisa Cartolano
I am a Real Estate Consultant working and living in
the San Francisco Bay Area with my husband and two young boys and I sell homes
throughout the Oakland-Piedmont-Montclair areas. I am excited to be able to
write for HousingStorm.com's Crocker Highlands site to share news and information about all of these great places
to live.
As the real estate market changes, I know I need to
change with it. Utilizing technology tools and an in-depth understanding of the
area, I am able to help my clients navigate Bay Area Real Estate.With the bulk
of real estate searches now happening online, I have focused my education on
using this technology to help focus marketing to buyers using the internet to
find homes and to help buyers find the best real estate for their needs. I am
ePro-certified by the National Association of REALTORS®(NAR), of which only one
percent of all REALTORS in the country are graduates.
If you are looking for a patient and committed
professional to help you make a successful real estate choice, please contact
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Lisa Cartolano
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Certainly a long-term hedge against inflation at least. It will be interesting to see CAR update this chart next year.
Development of “All-on-One” Chart.
An “all-on-one” median housing price; median home price to median income ratio; median family income; graph could be developed as follows if the remaining data can be obtained (and graphed).
The chart would have an x-axis (time) displaying the years 1970 to 2009 (better 2010) at a minimum. (If data are available, the earliest year could be 1965 or before).
The left-hand side vertical axis would run from $0 to $600,000 (dollars).
The right-hand side vertical axis would run from 0 to 10 (or 11-12 as necessary) to display the median home price/median family income ratios for the years 1970-2009.
The missing data needed are:
Median family income for the U.S. and California over the years 1970-2009 (non-inflation adjusted).
Median home price/median family income ratios for California for the years 1970-2009(non-inflation adjusted).
The other graphs/data are contained in the items below.
Dr. Housing Bubble:
‘USA and California Existing Single-Family Resale Median Price 1970 – 2009′
http://www.doctorhousingbubble.com/wp-content/uploads/2009/09/1975-05_medianus.gif
US Existing House Price / Median Family Income By Barry Ritholtz – February 20th, 2009
http://www.ritholtz.com/blog/2009/02/us-existing-house-price-median-family-income/
‘U.S. Existing House Price (Case-Shiller)
div by Median Family Income (1965-2009)’