Presentations of average (or median) home price to median income can be misleading as it involves averages of averages. Income inequality may explain part of the rise in home price/income ratios.

Happy Holidays!

I'll be attending next week's AEI Housing conference in NYC (Nov 12) and would be happy to arrange 1:1 meetings to discuss home price index hedging options.

Affordability measures become more sensitive when interest rates are very low.

AEI has raised the bar home price forecasting by providing housing data in a free, centralized platform.