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

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 6.0% year-over-year in July It has been over eleven years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 9.9% above the previous bubble peak. However, in real terms, the National index (SA) is still about 9.6% below the bubble peak (and historically there has been an upward slope to real house prices).  The composite 20, in real terms, is still 15.7% below the bubble peak. The year-over-year increase in......(read more)

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