Blog

The Cost of Owning a Home (Last 20 Years)


Notes from the report: Prices and mortgage payments are based on the median existing single-family home price, averaged from quarterly data to obtain annual prices. Mortgage payments are calculated using the interest-rate average for that year and assume a 20% downpayment and fixed 30-year term. Rent is the median gross monthly rent from the 2010 American Community Survey, indexed using the CPI for rent of primary residence. Income is median household income.

Sources from the report: JCHS tabulations of National Association of Realtors®, Composite Affordability Index (NSA) and Existing Single-Family Home Sales via Moody’s Analytics; Freddie Mac, Primary Mortgage Market Survey; US Census Bureau, American Community Survey; Moody’s Analytics, median household income estimates.

Share
Print This Post   Print

About The KCM Crew

We at The KCM Crew are pursuing our mission to provide real estate professionals with the tools and information they need to guarantee success in any real estate market. With strong visual aids and expert analysis, we empower real estate professionals across the country to stand out as experts in their marketplace. Take a 14-Day Free Trial of our monthly membership to see how we can help you!

One Response to “The Cost of Owning a Home (Last 20 Years)”

  1. BP July 2, 2012 at 10:44 pm # Reply

    not sure I understand how to use this in a presentation.. seems to good to be true if I understand correctly.. how to present findings as valid ?

Leave a Reply