If it is in C or D markets or an older building, make sure you do your homework on the demographics, household incomes, and historical values (especially when the market dropped). 

Household formation is on the rise and inventory is in short supply, not sitting vacant in most areas where the funds were most active. 

According to a NAHB, National association of Home Builders:14 millions households were purchased between 2011 and 2013.11% purchased brand new homes.43% were purchasing their first home.Median age of buyer was 32 years old with income of about $62,000Median age of new home buyers was 40 years with income of about $85,000Median value of homes was $168,000.The median buyer looked at 10 houses before buying.11% bought using cash or zero down financing17% used proceeds from sale of existing house to buy.Full study is at:http://www.nahbclassic.org/generic.aspx?

Currently the median household income is $76,000 while the median home price just hit $1,000,000 for the first time.

@Gilbert DominguezPart of the concerning trends in Canada, particularly in hyper-markets such as Toronto and Vancouver, is the widening gap between housing prices and household income.  

Every time you you change the air filter, open that plug as well and pour about a cup of household bleach down the condensate pipe.

We start by looking at overall population and number of household trends over the past decade, we then look at what they are expected to do over the next five years.

I grew up in a house hold that was poor.

However, because of having 2 incomes in the household, my wife and I got phased out, and I cannot claim those losses against my w2 income.

They will take on roomates and/or consolidate households.