• House Prices to National Average Wage Index

    8 monthes ago - By Calculated Risk

    One of the metrics we'd like to follow is a ratio of house prices to incomes. Unfortunately most income data is released with a significantly lag, and there are always questions about which income data to use (the average total income is skewed by the income of a few people).
    And for key measures of house prices - like Case-Shiller - we have indexes, not actually prices.
    But we can construct a ratio of the house price indexes to some measure of income.
    For this graph I decided to look at house prices and the National Average Wage Index released today for 2017 from Social Security.
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