House Prices Reference Chart

As a reference for long-term house price index trends, below is a chart, updated through the August data, from the CalculatedRisk blog post of October 30 titled “House Price Comments, Real House Prices, Price-to-Rent Ratio” :

(click on chart to enlarge image)

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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1411.94 as this post is written