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Monday, December 19, 2011

House prices are finally nearing a bottom? What other data shows





House prices are finally nearing a bottom

After falling nearly 35 percent from their 2007 peak, nationwide house prices are finally approaching “normal” levels on two key valuation measures: The “price-to-rent ratio,” which measures house prices relative to what the houses might rent for, and the “price-to-income-ratio,” which measures house prices relative to average incomes.

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