Bubble Meter: National Association of Realtors overstated existing home sales by 16.7%:
'via Blog this'
Nick Gerhli - Biggest Housing Bubble in US History
A friendly reminder that we are in the biggest housing bubble of all-time.
— Nick Gerli (@nickgerli1) August 26, 2024
Inflation-adjusted home prices today are almost 100% higher than the long-term, 130-year average.
Only 2x in US history where this has ever happened: 2006 and right now.
Note how from 1890 to 2000,… pic.twitter.com/Ll0NL4wVhP
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