I think a better index is the price-to-rent ratio [0]. In that sense we are in ~2003 levels of housing bubble. [0] https://fred.stlouisfed.org/graph/?g=l0bW ht

I think a better index is the price-to-rent ratio [0]. In that sense we are in ~2003 levels of housing bubble. [0] https://fred.stlouisfed.org/graph/?g=l0bW https://fred.stlouisfed.org/graph/?g=l0bW