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Friday, February 20, 2009

Help Jake Understand: Home Prices in Terms of Equity

The last time I posted a "Help Jake" I got a TON of great replies (I'll admit that topic had more of a global economic appeal), but lets see what you all have to say?

First, what is it? It's the median home price in terms of the number of S&P 500 shares required to buy it, going back to 1968...

Explain away...

Source: S&P / NY Times