Nj Home Sales Data
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Kettle1 Research
% Median Income Spent On Housing Based on Median Sales Price, 20% dp, average annual interest rate, at 30yr fixed (all #'s adjusted to 08$)
70% 65% 60%
% of Net Income Spent on Housing % of Gross Income Spent on Housing
55% 50% 45% 40% 35% 30% 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
2007
2008
Kettle1 Research
NJ Median Household Income & NJ Meidna Home Sales Price 450,000
78,000
400,000
76,000
350,000
74,000
300,000
72,000
250,000
70,000
200,000
68,000
150,000
66,000
100,000
64,000 Median Home Sales Price Median NJ Household Income (Adj 08$)
50,000 0 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
62,000
2007
60,000 2008
Income
Home Sales Price
08 Adj $
Kettle1 Research
NJ Median Home Sales Price: Median Household Income Ratio 08 Adj $ 6.5 6.0
Home Sales Price
5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
2007
2008
% Median Income Spent On Housing Based on Median Sales Price, 20% dp, average annual interest rate, at 30yr fixed (all #'s adjusted to 08$)
70% 65% 60%
% of Net Income Spent on Housing % of Gross Income Spent on Housing
55% 50% 45% 40% 35% 30% 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
2007
2008
Kettle1 Research
NJ Median Household Income & NJ Meidna Home Sales Price 450,000
78,000
400,000
76,000
350,000
74,000
300,000
72,000
250,000
70,000
200,000
68,000
150,000
66,000
100,000
64,000 Median Home Sales Price Median NJ Household Income (Adj 08$)
50,000 0 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
62,000
2007
60,000 2008
Income
Home Sales Price
08 Adj $
Kettle1 Research
NJ Median Home Sales Price: Median Household Income Ratio 08 Adj $ 6.5 6.0
Home Sales Price
5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1999
2000
2001
Data source: US Census and NAR
2002
2003
2004
2005
2006
2007
2008
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