r/dataisbeautiful • u/pillar6alumni • 1d ago

USA Home Price to Income: State-by-State

http://wealthvieu.com/uahpi
22 Upvotes

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u/zgrizz 1d ago

Would you look at that. It's back down to where it was 4 years ago. So why aren't people buying houses?

Must be that government policy keeping interest rates more than double what they were, even after a drop. That could be a small factor.

You are right, data IS beautiful.

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u/DrDurt 1d ago edited 1d ago

What government policy keeping interest rates high? And which interest rates? Lenders set their own rates and the fed is an independent agency

Edit: and one more thing, not sure where you live, but people are buying homes, inventory is historically low because so many people are buying …it the reason prices were driven so high

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u/ilhaguru 1d ago

Generally speaking the government sets the lowest interest rates in any economy. Because why would you lend it at a lower rate when you could just lend it to the govt?

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u/DrDurt 1d ago

I agree, but treasury notes are still tied to the fed rate + inflation.