Residential Real Estate Analysis Neanderthal

Economist
New Jersey / New York Metro
Research
December 2010

CS NY Home Prices to NJ Median Household Income Ratio

7

CS NY Me tro P ric e to NJ Me d HH Inc o me

2
Jan-84

Jan-85

Jan-86

Jan-87

Jan-88

Jan-89

Jan-90

Jan-91

Jan-92

Jan-93

Jan-94

Jan-95

Jan-96

Jan-97

Jan-98

Jan-99

Jan-00

Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10

Jan-11
1
Residential Real Estate Analysis Neanderthal
Economist
New Jersey / New York Metro
Research
December 2010

NJ/NY Home Prices vs Household Income

250 100,000

90,000

200 80,000

70,000

150 60,000

50,000

100 40,000

30,000

50 20,000
Ca s e S h ille r Ind e x NY Me tro , NS A

NJ Me d ia n Hou s e h o ld In c o me (Ce n su s An n ua l) No min a l 10,000

0 0
Jan-84

Jan-85

Jan-86

Jan-87
Jan-88

Jan-89

Jan-90
Jan-91

Jan-92

Jan-93

Jan-94
Jan-95

Jan-96

Jan-97
Jan-98

Jan-99

Jan-00
Jan-01

Jan-02

Jan-03

Jan-04

Jan-05

Jan-06

Jan-07
Jan-08

Jan-09

Jan-10

Jan-11
2