"Today’s chart of the day comes to us courtesy of Robert Shiller at Yale University. The following is Shiller’s famous inflation adjusted home price index. Interestingly, despite a 30%+ decline from peak to trough, housing prices are still more expensive than at any other point in the last 120 years when you exclude the recent bubble era . Some say housing prices have bottomed. Not unless it’s truly “different this time”.
at http://pragcap.com/u-s-housing-prices-still-more-expensive-than-any-point-in-last-120-years
No comments:
Post a Comment