The Case-Shiller National House Price Index increased 5.4 per cent year-over-year in December said the agency Tuesday. The year-over-year increase in prices is mostly moving sideways now around 5 per cent. In December 2015, the index was up 5.4 per cent.
It has been almost ten years since the bubble peak. In the Case-Shiller release, the National Index was reported as being 3.7 per cent below the bubble peak. However, in real terms, the National index is still about 18 per cent below the bubble peak.
US Price-to-Rent Ratio
In nominal terms, the Case-Shiller National index (SA) is back to October 2005 levels, and the Case-Shiller Composite 20 Index (SA) is back to April 2005 levels, and the CoreLogic index (NSA) is back to June 2005.
In real terms, the National index is back to December 2003 levels, the Composite 20 index is back to September 2003, and the CoreLogic index back to December 2004.
In real terms, house prices are back to 2003 levels.