Written by Robert H. Ruth
The last 10 years has seen a profound swing in our economy and the Housing Market. Recently, ( last week of June, 2017) I looked at 5 components of the Housing Market and the US Economy to see what changes have occurred in the last 10 years. Specifically, I looked at
- The Dow Jones Industrial Average,
- the U.S. Unemployment Rate,
- the Median Sales Price of Single Family Homes in the US,
- the Average Rate on a 30 Year Fixed Rate Mortgage,
- the Income needed to qualify for a home at the Median Sales Price
Here are the changes in each category, and my comments on each. I think you’ll agree that the numbers are very interesting.
Dow Jones Industrial Average
-DJIA on 6/21/2007: 13,545
-DJIA on