Sunday, September 4, 2022
Real estate data science example
home price / median income ratio. "Historically, an average house in the U.S. cost around 5 times the yearly household income. During the housing bubble of 2006 the ratio exceeded 7 - in other words, an average single family house in the United States cost more than 7 times the U.S. median annual household income." If this ratio is too high it could be a signal of housing bubble.
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