miss out on a very good explanation both of the differences between the nominal numbers we usually see, and the "real" numbers that we usually do NOT see.
And, then to look at how those numbers translate into the price 3 rent ratios.
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Given that there is both a huge number of vacant "foreclosed" homes
and a huge increase in apartment construction...
The question is what will most of U.S. choose...
to buy
or
to rent.
The answer to THAT question really matters to U.S. as an economy.
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Case-Shiller, CoreLogic and others report nominal house
However it is also useful to look at house prices
in real terms (adjusted for inflation)
and as a price-to-rent ratio.
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Nominal House Prices
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Real House Prices
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Price-to-Rent
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Real House Prices and House Price-to-Rent
http://www.calculatedriskblog.com/2011/12/real-house-prices-and-house-price-to.html
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