Unpacking 20 years of home price trends
Subscribers are familiar with my disaggregated housing components: cyclical, supply, and credit. Each month I post updates on how important those components are.
In this post, I am just going to do some simple arithmetic to reverse engineer 20 years on home price trends using those components. Basically just the converse of how I normally chart the data. Nothing earth-shattering here, but as much as I play around with these numbers, I haven’t looked at it from this direction before. It might be a useful exercise.
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