U.S. Housing Prices: Highest in 120 Years

|
Includes: IYR, RWR, RWX
by: Cullen Roche

Today’s chart of the day comes to us courtesy of Robert Shiller at Yale University. The following is Shiller’s famous inflation adjusted home price index. Interestingly, despite a 30%+ decline from peak to trough, housing prices are still more expensive than at any other point in the last 120 years when you exclude the recent bubble era .

Some say housing prices have bottomed. Not unless it’s truly “different this time”.

housing1 U.S. HOUSING PRICES STILL MORE EXPENSIVE THAN ANY POINT IN LAST 120 YEARS