Case-Shiller house price data, September 2015

Here are four charts on prices, price vs. rents, nominal vs. real, and home affordability index changes from David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.

Blitzer's comment on the latest harvest of S&P Case Shiller data: Four cities have set new all-time highs for prices, two are more than 20% above their pre-crisis peaks. Here are a couple of other observations, accompanied by the data points.

  • Home prices are much more volatile than rents and are rising a bit faster currently... 
  • With inflation quite low, the real and nominal home prices track one-another, unlike the more distant past ... 
  • Affordability should survive the prospect of rising interest rates
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