This chart shows changes in income and home values since 1973. We can see the tremendous change in new home prices and its continuing rise since the end of the recession. Currently, incomes are about 8% higher than they were in 1973 while new home prices are a staggering 83% higher than in 1973.This chart also suggests that if you're in the market for a home, don't buy a new home. This suggests that you'll get better value in existing homes.
