Housing prices relative to income are moving back toward bubble highs. In the case of new homes, the ratio exceeds its prior peak. Existing home sales are not there yet, but fast approaching. Easy money, as always, the fuel feeding the fire.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Goldman Warns on Junk Bonds - May 25, 2018
- America Records Fastest Home Price Inflation Since 2006 - May 24, 2018
- If You Had to Choose, Cell Phone or Car? - May 23, 2018