US House Price Growth = 4x Average Hourly Earnings (Price Growth Will Be Forced To Slow Down)
by confoundedinterest17 In an article by Phil Hall for Benzinga, I laid out the case for slowing home price growth. In a nutshell, the Case-Shiller National home price index YoY is growing at times the rate of growth of average hourly earnings. The last time this gap was this large, we saw a crash in home … Read more