Here is a good link detailed it's methodology http://www.realtor.org/topics/housing-affordabilit...If I read this right, it uses Median Family Income from the Census when available,when not available, it uses the Necessary Monthly Income, which is actually calculated based on the current mortgage rate.  

Definitely bombe up on the methodology. 

I was quite surprised to see Cape Coral at the top of the list of sales to investors and it makes me think the methodology used to quantify an "investor" is somewhat flawed.  

I have few ancient water heaters - older than 20 yo :))) what I would better choose as a replacement.

They do not teach real estate and they usually teach only those aspects that relate to the moment, to the transaction, not the underlying methodology that allows you to understand what is really going on.

@Oren SharonyAfter doing some quick digging I am assuming you are talking aboutLot 43 Ancient Oaks Unit 1It appears as if there is a judgment still outstanding that has still not made it to the sale for over $500,000.00 case number 2009-CA-11092.

I know that you're going to read about prices and numbers that make NO Sense in our NYC market however the methodology is the same. 

I wrote it because so many people are so far off base on the proper methodology that, for the most part, is true. 

He wants the MLS to be one of his sources for deals.I am not so sure his methodology is going to work with properties listed on the MLS however.

The better question is HOW.Not All Water Is The Same...Just like the "Rhyme of the Ancient Mariner",  not all "water" is fit to drink.