As a reference for long-term house price index trends, below is a chart, updated with the most current data (through October), from the CalculatedRisk blog post of December 26 titled “Comment on House Prices, Real House Prices, Price-to-Rent Ratio” :
(click on chart to enlarge image)
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The Special Note summarizes my overall thoughts about our economic situation
SPX at 1403.59 as this post is written
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