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Janet L. Yellen


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Housing Price to Rent Ratio

The Big Picture (Free subscription) | 05/23/2008

While we await the latest Existing-home sales for April, to be released at 10:00am, let's have a qwuick look at a related chart. All those Housing Bottom callers should consider the Housing Price to Rent ratio. It argues very loudly against a bottom anytime soon: chart courtesy of Janet L. Yellen, President, Federal Reserve Bank of San Francisco > See also: No spring bounce for housing,...