Tuesday, April 30, 2013

Calculated Risk: Real House Prices, Price-to-Rent Ratio, City Prices relative to 2000

Calculated Risk: Real House Prices, Price-to-Rent Ratio, City Prices relative to 2000
"In nominal terms, the Case-Shiller National index (SA) is back to Q2 2003 levels (and also back up to Q3 2010), and the Case-Shiller Composite 20 Index (SA) is back to November 2003 levels, and the CoreLogic index (NSA) is back to January 2004. "
"In real terms, the National index is back to October 1999 levels, the Composite 20 index is back to January 2001, and the CoreLogic index back to February 2001. 
In real terms, most of the appreciation in the last decade is gone."
"On a price-to-rent basis, the Case-Shiller National index is back to Q4 1999 levels, the Composite 20 index is back to January 2001 levels, and the CoreLogic index is back to February 2001.
In real terms - and as a price-to-rent ratio - prices are mostly back to early 2000 levels."

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