House Prices to National Average Wage Index

One of the metrics we'd like to follow is a ratio of house prices to incomes. Unfortunately most income data is released with a significantly lag, and there are always questions about which income data to use (the average total income is skewed by the income of a few people). And for key measures of house prices - like Case-Shiller and CoreLogic - we have indexes, not actually prices. But we can construct a ratio of the house price indexes to some measure of income. For this graph I decided to look at house prices and the National Average Wage Index from Social Security. Click on graph for......(read more)

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