April 8, 2015: The Fed may say there is little or no inflation but the price of a single family home priced in gold has roughly doubled in three years. Chartoftheday.com1
wrote:
For
some perspective on the single-family home market, today's chart
presents the median single-family home price divided by the price of one
ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold.
For example, it currently takes a relatively low 168 ounces of gold to
buy the median single-family home. This is dramatically less than the
601 ounces it took back in 2001. When priced in gold, the median
single-family home is down 72% from its 2001 peak. Since making a new 32
year low back in early 2012, home prices (priced in that other global
currency -- gold) have worked their way higher. Currently, home prices
(priced in gold) are currently testing support of a three-year uptrend.
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