CHART - U.S. House Prices To Family Income

For Reference's sake and some perspective - Observe the below 40+ year chart graphing U.S. Existing Home Prices to Median Family Income (double-click the below image for a much needed larger view) :

thestreet.com/tsc/common/images/storyimages/marcin0827_cht1_big.gif

* Over the past 40 years, the historical MEDIAN House Price : Annual Family Income Ratio is approx 2.80

* Today's Ratio is around 3.35...this is about 18% off the recent 2006 Housing Bubble induced-high of 4.10)

* A Ratio of 3.35 remains about 20% above the median historical ratio of 2.80

Data Courtesy: Robert Marcin + Realmoney.com