Home Prices To Household Income Peaked

I posted this chart back in Jan 2023 but for some reason, it failed to update properly.

So I am reposting this chart in a more simple form in hopes it updates in the future.

Home prices to median household income have hit new highs at 7.8 times and peaked out. The ratio is now rolling over and it seems very abrupt relative to previous tops. But unlike previous tops rates did not rise as fast and high. Kind of obvious.

I also cautioned people of a double top in home prices inflation adjusted back in April when it double topped.

I again cautioned that Home Price to Rent ratio also doubled topped.