I'd like to see how much these #s are distorted by extremes, especially at the upper edge. I'm guessing the median would be lower than the average. It would be

I'd like to see how much these #s are distorted by extremes, especially at the upper edge. I'm guessing the median would be lower than the average. It would be very interesting if they re-ran these #s but excluded the top & bottom 10% of homes along with the top & bottom 10% of incomes. I think it's extremely likely we'd still see a significant gap, but possibly one that is much smaller. Anecdotally, I know the house I mostly grew up in only appreciate by about 18% accounting for inflation, compared to a wage increase of about 14% for the same period of time. As for right now, we're seeing rising prices partly due to urban flight, specifically from cities that were epicenters of covid infections but in general as WFH becomes much more acceptable. My workplace was 100% "no, never, not at all" on WFH for the past decade. When given no choice though, things worked alright, and that stance is now untenable in this job market, so there is now a very accommodating policy, making it much more tenable for people to move an extra 45-90 minutes away where housing is cheaper. That has the effect of raising prices in those areas though.