Useless. They're using a metric that doesn't apply to an individual situation.

This kind of information doesn't make any sense to me.  How can you determine how fast a person / family can save?  It depends on so many factors. 

Very general and not particularly "helpful" to anyone except as a reference point. Nothing "wrong" with it per se. 

Interesting factoid that reinforces Cali as an expensive place to live (second compared to Hawaii)... but as a state we all know that already.  LOL!  Interesting from a statistics point, but as others have said there are too many factors involved for people's specific cases.

Wow! Very eye opening. According to the US government, most people have $0 saved.

Florida is 5.38 years. In central Florida, a nice starter 3/2 is about $200,000 to $250,000. FHA is 3.5% down.

This equates to $7,000 to $8,750. If a person or family was able to save $100 a month, this would take them 60 months (or 5 years) to 87.5 months (or 7.3 years). 

Useless for me. So many exceptions!

It's a metric... a map in and of itself might not be useful, but information provided "around" the metric could be very useful to a buyer. If used in social media, could be a conversation opener.

No use to me except for practicing the names and locations of all 50 states.

Annette,

Who know what lurks in an agent's mind?  At first glance, it is an attractive map.  Useful to a consummer, maybe as useless cocktail party talk!  A

Not of high value.. but suppose for those considering a transfer or investing... this could provide some interest, as an indication of "affordability" for that market in general. 

I totally agree with Candice A. Donofrio .

I would not use it.

Very little if any value. I would not use it.

I have had clients from when I started real estate that earns a little over median income and are still broke!

There are so many variables that go into the ability to "Save" money for a down payment - or anything else for that matter.  But the map could be useful for generalization of a buyer's timeline for saving money for their DP.

This is a very cool map - Depending on the state you are in there are a variety of ways you could use it promotionally, to coach young renters about buying, target people in the orange states to move to yours. Just top of mind thoughts.

There are too many variables with this...home prices change, median icome fluctuates, assumptions are made that may or may not be valid. I would not use it as it is misleading but to each his own.

It is wrong and don't where this data came from. It would be totally discouraging to any prospective home purchaser.

I do not find it useful for citizen or agent ... many have already outlined the reasons why in their comments. 

Yes, people in Florida, Oregon and California should move to Wisconsin and become homeowners more than 6 times faster!

Annette Lawrence , Palm Harbor, FL 727-420-4041 - Repeat answer from Candice A. Donofrio.

     Our median price is in the low 200K.   That means 6000 down on a 97% loan.  That's only $100 per month saved?  How serious are these people about buying a house?  Get a second job.  Cut out the TV cable, Panera, mow your own lawn, etc. and pile up that money!

It does a good job of relating the cost of homes in an area to the median income for the area. I don't think it helps me. It may help a buyer who is looking to purchase & has a choice of what state they want to move to.

I'm in the process of getting my Ohio real estate license and work in Florida. That map would come into play with a great sales script. Living in Florida, it's kind of depressing so I'm not sure I would utilize it here.

There is no formula for life as all things are possible. It takes what it takes when it takes it & that is amplified here in America who encourages all this

I wouldn't use that map..... it's defeating!!!

I do believe it is nice to have, but there is too many variables that would influence each particular individual. I think something more focused on your focus/target market would be more useful.

I like seeing the KCM on the graphic, but it really makes me cringe seeing Z there as well. 

The map is just a tool. It can be helpful if you display it correctly. For me, I might use it in a blog post regarding average home prices. The map can be a visual to compare average home price vs average salary around the country. Also, could discuss % of renters vs home owners. I wouldn’t base my post around the map, but would certainly use it within an interesting article.

I second what Carol Williams said! - Tim 

I think it is interesting to see this map as a whole. There's more to the story and in some areas it may depend on location. In NC, there are price differences depending on area you're in. Plus, there are some areas you can get 100% financing so no need to save. 

It is of passing interest to me.

For a consumer, each one is different depending on their job and debt. For real estte agents, it is a nice too tool for those in the states that have a low number as i already see many relcoations from those states with high numbers 

Michael Jacobs nailed this one!

No use to me at all and a wasre of time and money

Who produced the map I wonder?

If it gives you a reason to contact a client, it's fine. Is is something most would find useful, probably not. 

I like it. It is a visual that gets people thinking and planning. Of course, each area is unique in price, however, that is why they hire professionals like us!

This would be especially useful for first-time homebuyers. It is a talking point.

Annette Lawrence , Palm Harbor, FL 727-420-4041 I think your comment on Andy Brown-Climer School of Real Estate comment is the best way to get the message out to potential buyers. 

I think that it tells an agent what states are most affordable but I'm not sure that a consumer gets it. I'm not sure it's a good idea - in some states it seems hopeless. There is also the HPI (??) Index I think.

Marketing is perception, when you'rewriting 250 posts per year , you can have an off day .

No.

They could use it promotionally but these maps are created by those companies selling infographics and other market info to agents so its not geared to be LOCAL info at all Annette Lawrence , Palm Harbor, FL 727-420-4041 

Interesting. 6-7 years for CA sounds close for average salary.