Today, in the Real Estate Newsletter: Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in August; And a look at “Affordability”
Excerpt (there is much more):
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.
