Posted by Jed Lewison on Sun Aug 26, 2007 at 10:09 PM Pacific

NYT: Median Home Price to Fall

In 1991, residential mortgage debt totaled about 50% of GDP. Now it's about 83% of GDP. During that same time, the homeownership rate increased by about 8%. The median home price also kept pace with GDP growth. Now, however, the New York Times reports that the median home price will fall.

NYT: Median Home Price to Fall

In 1991, residential mortgage debt totaled about 50% of GDP. Now it's about 83% of GDP. During that same time, the homeownership rate increased by about 8%. The median home price also kept pace with GDP growth. Now, however, the New York Times reports that the median home price will fall.

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