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Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in July

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by Calculated Risk on 9/29/2021 12:19:00 PM

Today, in the Newsletter: Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in July

Excerpt:

This graph uses the year end Case-Shiller house price index – and the nominal median household income through 2020 (from the Census Bureau). 2021 median income is estimated at a 5% annual gain.

By all of the above measures, house prices appear elevated.

NAR: Pending Home Sales Increased 8.1% in August

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