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Interntional Housing Data from the Fed


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I thought this was really interesting.
Click on 2Q 2021 for Housing Price Data.  RHPI is the Real Housing Price Index which I think is most relevant because it strips out inflation.  
US housing is now above the peak in 2006 in real terms.  
Japan is still down significantly from 1991.
But hey - no bubbles now and nothing to worry about....
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A year or two ago this notion that housing was in a bubble was farfetched and basically non existent. Prices go up 20% in a year and everyone is screaming bubble. If this is the bubble its the lamest bubble in the history of bubbles. Most stuff is barely or just marginally higher in price than it was 15 years ago....yawn. 

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