Another chart, meanwhile, compares home price indexes for select parts of the region relative to the national home price peak in 2006. (newyorkfed.org)
In housing, there remains a wide gap between broad home price indices and measures of personal income, even adjusting for mortgage rates. (hussmanfunds.com)
Some of the cause comes from seasonal house price behavior since the metropolitan home price index used is not seasonally adjusted. (eyeonhousing.org)