US Housing Market Summary

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Unobtanium

Unobtanium

Big Eyed Bug
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Below is an informative summary of the US housing market.

Here is the source. The author of the article states that the numbers are likely to be off a little bit; but contains still useful information.
http://www.calculatedriskblog.com/2012/05/graph-us-housing-market-summary.html

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Those are ugly numbers. That so many folks were able to buy properties with nothing, or v ery little down is a failure of epic p[roportions. When my step-monster married my mom, he had been saving for ten years to put money down on a home. He had skin in the game, and he was not about to lose his DP. These days, FHA loans can be had for 3 percent down. I could go and buy a 30 million dollar property theoretically.

How stupid is that?
 
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