Reasonable way to show trend experienced by most people? Alternatives? Thanks!
PIncome: https://fred.stlouisfed.org/series/MEPAINUSA672N
HIncome: https://fred.stlouisfed.org/series/MEFAINUSA672N
House: https://fred.stlouisfed.org/series/MSPUS
CPI: https://fred.stlouisfed.org/series/CPIAUCSL#0
(Adjust house price to real 2022 $)
Posted by MvnFwd
2 comments
Data: FRED – links in post
Tool: Excel
Nice graph. Would be nice to see how things change if you incorporated varying mortgage rates, e.g. transforming the median home price into a monthly payment assuming a 30 year fixed rate mortgage, evaluated at the median rate at the time. I bet the graph would flatten out a bit, with an even bigger spike in the last 2 years.