First American Financial Corporation released the Real House Price Index (RHPI) for homes in America. The report traces data to 2000 and is compiled in a way that measures home prices and affordability based on adjusted income and changing interest rates. The RHPI in America is currently 39.6 percent lower than it was during the pre-recession peak in 2006.
- First American Real House Price Index shows house prices have fallen 39.9 percent since the pre-recession peak when adjusting for inflation.
- Real house prices are 19 percent lower than they were in 2000.
- Unadjusted, the national price level is 2.9 percent away from the housing-boom peak in 2007.
Inman Connect New York | January 29 - February 1, 2019