Wednesday, May 2, 2012

US Inflation Adjusted Home Prices At 1895 Levels

From The Wall Street Journal, SmartMoney, "Why U.S. House Prices Won't Recover: Taking inflation into account, U.S. home prices are down to 1895 levels." by Jack Hough:
The latest S&P / Case-Shiller numbers, reported last week, show that prices in 20 major markets declined 3.5% over the year through February. They're now back to 2002 levels. If we subtract for inflation, they're back to 1998 levels.

But consider: After subtracting for inflation, prices are also back to 1986 levels. And 1955 levels. And 1895 levels (see chart).

Source: The Wall St Journal

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