A calculated value that shows where home prices should be according to local income. Income price metrics are used to help determine whether a market is over- or underpriced, and are based on data from the FHFA Home Price Index and the Bureau of Economic Analysis. This metric was developed by the Local Market Monitor.
Filed under Deal Analysis, Operations
Related terms
Keep going with Think
The free membership brings the E-Zine, the newsletter and event replays to your inbox.
Join free