- Based on the data provided by the U.S. census (www.census.gov), what was the median sales
price of a new home sold in the United States in September of 1997, 2007, 2019? - Based on the data provided by Freddie Mac (freddiemac.com), what was the average interest
rate on a 30-year fixed rate mortgage (FRM) in September of 1997, 2007, and 2019? (Note:
if using weekly data, use the last week of the month.) - Supposing a 20% down payment, what would be the size of the mortgage required to buy a
house with the median price in September of 1997, 2007, and 2019? - Based on the interest rates in #2 and the mortgage amounts in #3, what would be the monthly
payment for a 30-year fixed rate mortgage in September of 1997, 2007, 2018? - Based on the data provided by the U.S. census (www.census.gov), what was the median
monthly household income in the United States in 1997, 2007, 2018? - Based on the previous answers, what fraction of income was a typical household paying to
buy a house in 1997, 2007, and 2019? - How do you assess changes in affordability of housing over the last 20+ years? What factor
has contributed most to the change?