Selasa, 26 April 2011

"Cheapest Homes In 40 Years? Not Even Close..." - Barry Ritholtz

Barry Ritholtz shreds The National Association of Realtors, again.  Ritholtz notes that there's only been one month, ever, when the trade association thought it was not a great time to buy.

Ritholtz points out that the most accurate metric to determine housing affordability is median income  to median price ratio. 

As the Virginia Housing Development Authority economist, Barry Merchant, has

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