​A $150,000 House In 1988 Now Costs $707,500; Thank You, Fed! – Tyler Durden

A $150,000 House In 1988 Now Costs $707,500; Thank You, Fed! Authored by Mike Shedlock via MishTalk.com, The Fed has grossly distorted the housing market and no fix is in sight. A couple of images will explain… Chart data from Case-Shiller, mortgage calculation based on Fannie Mae 30-year mortgage rates, chart by Mish Home Price Calculation Notes Case-Shiller measures repeat sales of the same home over time. Case-Shiller is a much better, but less timely measure than median or average home price. However, the measure lags. Recent data is through May representing sales in February, March, and April. The price…  — Continue at ZeroHedge News : Read More