Note. April 2022 data is the latest available from Case-Shiller as I write this on June 28, 2022. The data is a 3-month moving average so what they call April is really the February-April average. Click on images to see full-size, interactive versions
Instead of deflating by CPI to get real repayments, you could deflate by incomes to get repayments as a share of income. Because since the 2005 peak, incomes have risen much more than CPI
That's a great idea but I had problems getting income numbers for metros in a timely basis. I'd have to estimate the latest months which I see some places do. It just makes the project a lot larger to create the algos to make those estimates. I have a basic plan in my head on how to do it but it's a project. I was hoping I could just download the per capita income by metro but that data is only updated like annually.
Instead of deflating by CPI to get real repayments, you could deflate by incomes to get repayments as a share of income. Because since the 2005 peak, incomes have risen much more than CPI
That's a great idea but I had problems getting income numbers for metros in a timely basis. I'd have to estimate the latest months which I see some places do. It just makes the project a lot larger to create the algos to make those estimates. I have a basic plan in my head on how to do it but it's a project. I was hoping I could just download the per capita income by metro but that data is only updated like annually.