Good feedback guys. We intentionally wanted to zoom out for this one to put things in perspective but agree on needing to take a more granular approach and incorporate the human element. We'll be doing in the next article looking at affordability.
Lots of good data here, but I think to be consistent with your criticism of people looking aggregate data and not location specific, you have to dive into the median homeowner vs the few who have seen massive gains in home equity the last 10 years, typically with all cash purchases. I assume that distorts a lot of these national equity/debt numbers. Thanks for all the great work.
Thank you for the great series on US housing. I'm struggling to replicate (find) the data you cited (FRED - ST Louis Fed) in the tables on US Home Values (1951-2021). Monthly US median home price data back to 1963 indicates 115 of 699 months where the median US home price was down y/y. Would you kindly provide more information as to your methods (or the raw data you've used)? Thanks!
Despite Voss Capital's excellent analysis, I think some of the source data is academic and may not help predict what happens in a human driven market, with significant public participation.
Good feedback guys. We intentionally wanted to zoom out for this one to put things in perspective but agree on needing to take a more granular approach and incorporate the human element. We'll be doing in the next article looking at affordability.
The first three parts of this series have been a joy to read - thank you for sharing these analyses. I'm looking forward to more.
Lots of good data here, but I think to be consistent with your criticism of people looking aggregate data and not location specific, you have to dive into the median homeowner vs the few who have seen massive gains in home equity the last 10 years, typically with all cash purchases. I assume that distorts a lot of these national equity/debt numbers. Thanks for all the great work.
This is great perspective. I appreciate you adding in data from the 70's that includes a rising rate environment
Thank you for the great series on US housing. I'm struggling to replicate (find) the data you cited (FRED - ST Louis Fed) in the tables on US Home Values (1951-2021). Monthly US median home price data back to 1963 indicates 115 of 699 months where the median US home price was down y/y. Would you kindly provide more information as to your methods (or the raw data you've used)? Thanks!
Despite Voss Capital's excellent analysis, I think some of the source data is academic and may not help predict what happens in a human driven market, with significant public participation.