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The housing index confused me too, as they chose a year after a huge collapse in the housing market as a comparative point. I'm not saying US homes aren't overv
by ianleeclark 9y ago
The housing index confused me too, as they chose a year after a huge collapse in the housing market as a comparative point. I'm not saying US homes aren't overvalued--or that they are--but it's misrepresentative of the state of the market: https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA