This chart shows Real Median Home Prices, Sales numbers, and Housing Starts, along with the S&P 500.
Notice the important relationship between the Housing market and recessions.
Notice also that home prices have always "reverted to the mean", and rise over the long term near the inflation rate. Prices, Sales, Starts fall sharply leading into a recession, and rise even faster during recovery.
Click Here to see Nominal Housing Prices.
