The rapid rise in the US house price-to-income ratio from a long-term average of approximately 4 to over 7 between 2000 and 2006 is best interpreted as a sign of a fundamentally strong and sustainable housing market.
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The rapid rise in the US house price-to-income ratio from a long-term average of approximately 4 to over 7 between 2000 and 2006 is best interpreted as a sign of a fundamentally strong and sustainable housing market.