Real Prices and Price-to-Rent Ratio in April

The expected slowdown in year-over-year price increases has occurred. In October 2013, the National index was up 10.9% year-over-year (YoY). In April 2015, the index was up 4.2% YoY.  However the YoY change has only declined slightly recently. Here is the YoY change for the last 12 months for the National Index: Month YoY Change May-14 7.1% Jun-14 6.3% Jul-14 5.6% Aug-14 5.1% Sep-14 4.8% Oct-14 4.7% Nov-14 4.7% Dec-14 4.6% Jan-15 4.4% Feb-15 4.3% Mar-15 4.2% Apr-15 4.2% As I've noted before, I think most of the slowdown on a YoY basis is now behind us (I don't expect price to go......(read more)

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