Inflation Adjusted House Prices Declined Further in July

House Price-to-Rent Ratio also Declined in July

It has been over 16 years since the bubble peak. In the Case-Shiller release Tuesday, the seasonally adjusted National Index (SA), was reported as being 65% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 15% above the bubble peak (and historically there has been an upward slope to real house prices).  The composi…