The U.S. census

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  1. 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?
  2. 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.)
  3. 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?
  4. 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?
  5. 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?
  6. Based on the previous answers, what fraction of income was a typical household paying to
    buy a house in 1997, 2007, and 2019?
  7. How do you assess changes in affordability of housing over the last 20+ years? What factor
    has contributed most to the change?

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