Deviation for California's Historical Home Price Trendline from market 2019 chart Watch Video
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Description: This chart shows how far home prices have deviated from their long-term value. The black line of 100% is adjusted for a 3.5% annual property inflation comprising 2% consumer inflation and a 1.5% California premium.nnHome prices in July 2022 were priced at 192% of their long-term value, down from their pandemic period peak. The fast and furious pandemic stimulus of 2020 fueled a surge in consumer and asset price inflation. To counteract this excess, the Fed pulled back mortgage funding. The bond
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