- Both stocks and housing have generated historically strong one-year returns.
- This article uses three long-run data series to examine the price of stocks and housing relative to average earnings in the United States.
- While housing prices as a multiple of average hourly earnings have been rising, this ratio remains well below its mid-2000s housing bubble peak.
- Stocks are as expensive as they have ever been for the average American, but does that mean they are overvalued?
- This article looks at some of the reasons that stock multiples may be detached from the earnings of an average American.
For further details see:
After The COVID Rally: Are Stocks Or Housing More Expensive?