The latest S&P/Case-Shiller Home Prices, combined with the home-owners rental equivalence index from the Census Bureau’s CPI report, shows that renting vs. buying is roughly in balance. The first chart compares the rent:buy ratio with its average since 1987. In the 1990s renting was relatively expensive while during the housing boom-bust buying a home was [...]
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Housing transactions, where are the buyers and sellers?
On the last Tuesday of each month we publish the number of sales pairs used in the calculation of the S&P/Case-Shiller Home Price Indices. Data are collected on sales of individual single-family homes or condos. When a home is resold, months or years later, the new sale price is matched to the first price creating [...]