After adjusting for inflation, home prices are not just back to 1998 levels, they're back to...

|By:, SA News Editor

After adjusting for inflation, home prices are not just back to 1998 levels, they're back to 1895, writes Jack Hough, who says the real rate of appreciation for homes is 0. This doesn't mean they can't be a good investment, he says, noting rental yields over 10% in much of the country. Even after expenses, it's a decent deal when financing can be had at 4% or less.