I found this MacroMarkets web page to be an interesting characterization of the U.S. residential real estate market.
Here is an excerpt:
"With an aggregate capital value of $16.6 trillion at the end of 2009, real property owned by United States households comprises the largest real estate marketplace – and one of the largest asset classes in the world."
There is also investment performance information on the page, with a table showing relative performance of various asset classes. Of note, the table encompasses a timeframe of June 1987 through December 2009.
In my opinion, one needs to be very careful when assessing price data of residential real estate due to a variety of factors.
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SPX at 1103.94 as this post is written
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