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

Worst "Affordability" since Housing Bubble

It has been 16 years since the bubble peak. In the Case-Shiller release yesterday, the seasonally adjusted National Index (SA), was reported as being 57% above the bubble peak in 2006. However, in real terms, the National index (SA) is about 14% above the bubble peak (and historically there has been an upward slope to real house prices).  The composite …