Inflation Adjusted House Prices 3.3% Below Peak

House Price-to-Rent Ratio Declines to 4.7% Below Peak

It has been over 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index (SA), was reported as being 62% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 12% above the bubble peak (and historically there has been an upward slope to real house prices).  The compo…