{"id":2137,"date":"2019-08-29T21:29:29","date_gmt":"2019-08-29T21:29:29","guid":{"rendered":"http:\/\/www.thebains.com\/blog\/?p=2137"},"modified":"2019-08-29T21:29:29","modified_gmt":"2019-08-29T21:29:29","slug":"incomes-home-prices-gap-a-key-issue-facing-our-housing-market","status":"publish","type":"post","link":"http:\/\/www.thebains.com\/blog\/2019\/08\/29\/incomes-home-prices-gap-a-key-issue-facing-our-housing-market\/","title":{"rendered":"INCOMES, HOME PRICES GAP a KEY ISSUE FACING OUR HOUSING MARKET"},"content":{"rendered":"\n<p>The affordability of homes starts with the price of the empty lot.  A home usually sells for 5 to 6 times what the lots costs.  So a $50,000 lot may yield a $300,000 house.  Homes are affordable when prices are between 3.2 &amp; 3.8 times a household&#8217;s income.  Dr. James Gaines, chief economist at the TX A&amp;M Real Estate Center, looks for a 5% downturn in single family homebuilding as lack of affordable retail lots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The affordability of homes starts with the price of the empty lot. A home usually sells for 5 to 6 times what the lots costs. So a $50,000 lot may yield a $300,000 house. Homes are affordable when prices are between 3.2 &amp; 3.8 times a household&#8217;s income. Dr. James Gaines, chief economist at the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/2137"}],"collection":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/comments?post=2137"}],"version-history":[{"count":1,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/2137\/revisions"}],"predecessor-version":[{"id":2138,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/posts\/2137\/revisions\/2138"}],"wp:attachment":[{"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/media?parent=2137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/categories?post=2137"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.thebains.com\/blog\/wp-json\/wp\/v2\/tags?post=2137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}