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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST
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To: ggersh who wrote (125433)11/30/2016 7:33:41 AM
From: bart13  Read Replies (2) of 217545
 
Almost exactly ten years after the last housing bubble burst, unleashing a dramatic crash in US real estate prices today Case Shiller reported that as of September, its Index covering all nine U.S. census divisions, surpassed the peak set in July 2006 as the housing boom topped out, and in doing so the average home price has now climbed back above the record reached more than a decade ago.


While true, the "back above the record reached more than a decade ago" prices don't include a correction for inflation. When using the bogus BLS CPI as a correction, we're still 16% below the record high.
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