Real House Prices and Price-to-Rent Ratio in March

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in March It has been more than ten years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 2.4% above the previous bubble peak. However, in real terms, the National index (SA) is still about 13.8% below the bubble peak. The year-over-year increase in prices is mostly moving sideways now just over 5%. In March, the index was up 5.8% YoY. In the earlier post , I graphed nominal house prices, but it is......(read more)

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