As a reference for long-term house price index trends, below is a chart, updated with the most current data (through March, as well as for the Case-Shiller National Index, which is through Q1), from the CalculatedRisk blog post of May 27 titled “Comment on House Prices: Real 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 1911.91 as this post is written
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