(median home price)/(median household income)For most of the period covered - 1975 - 2014 - this was reasonably stable at just over 3:
The "typical" house was priced just about 3x the "typical" household income.Then we hit the housing bubble, when the ratio climbs to about 5:
The "typical" house was priced 5x the "typical" household income. This should have been a clue that housing prices were NOT properly aligned with the over-all economy!Then the ratio heads down, till 2012, when it starts to head up again. The up-tick? Housing prices are recovering. Median household income is NOT. The "recovery" from the Great Recession has NOT been visible to the truly MIDDLE class!