Friday, April 23, 2010

Single-Family Home Prices in Gold

Home Price to Gold Price Ratio: Median single-family home price divided by the price of an ounce of gold

Chart of the day says "it currently takes 153 ounces of gold to buy the median single-family home.

This is considerably less that the 601 ounces it took back in 2001.

When priced in gold, the median single-family home is down 75% from its 2001 peak and remains well within the confines of its five-year accelerated downtrend."


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