Re: “the median income household does not generally purchase the median priced home” I assume you are speaking to current market times here?
I was speaking to all market times based on simple statistics. 50 to 60% of the households own their homes in this country. Homeowners skew heavily toward higher incomes. Those two dont line up. You can essential generalize that the upper 50% of households buy homes and the median income of homebuyers should be alot closer to the 75th %tile than the 50th.
