Relevant and even prescient commentary on news, politics and the economy.

House prices continue to surge. But maybe . . .

House prices continue to surge. But maybe . . . Both the FHFA and Case-Shiller house price indexes for July were released this morning. Both showed a continued surge in house prices, with one difference that may be of importance. First, here are both indexes normed to 100 as of January 1991, when the FHFA […]

Median household income and housing affordability

Median household income and housing affordability Let’s take a look at the affordability (or not!) of housing since there is no economic news of note today (Monday). Last week the Census Bureau released their annual report on median household income for the US, covering 2020. Since this is the best measure to gauge housing affordability, […]