"Things You Wouldn't Know If We Didn't Blog Intermittently."
01 June 2011
Real house prices
Still going down. "Real," in this case, reflecting adjustment for inflation. More info on the indexes used, and graphs before inflation adjustment and house priceds compared to rent costs, at Calculated Risk.
Looks like it has further to fall in order to match the long term average. Over the decades housing has returned ~4% a year (before inflation) and only ~1-2% real return.
Looks like it has further to fall in order to match the long term average. Over the decades housing has returned ~4% a year (before inflation) and only ~1-2% real return.
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