Source: Chartoftheday.comUS house prices remain on a “downward path” according to today’s latest S&P Case-Shiller house price index. S&P report that in terms of nominal prices (including inflation), “average home prices across the US are now at similar levels to late 2003”. In ‘real terms’ (after excluding inflation), the picture is even worse.
According to the above chart from ChartOfTheDay, “a home buyer who bought the median priced single-family home at the 1979 peak has actually seen that home lose value (1.6% loss)”. COTD adds that “the median priced home has moved back to the top of a trading range that existed from the late 1970s into the mid-1990s”.
- Our work
- REPORTS
- The pH ReportMonthly focus on what is driving the global economy
- NewsletterWeekly spotlight on a key issue impacting the global economy
- New Normal eBookBoom, Gloom and the New Normal: How the Western Babyboomers are Changing Demand Patterns, Again
- White PaperA Roadmap for the Global Energy Sector – IEA May 2021 report synopsis
- White PaperRenewable Carbon for Chemicals and Derived Materials – Nova-Institute April 2021 report synopsis
- REPORTS
- About us