By Laura Kusisto | The Wall Street Journal
Home prices have been growing at a rate that some see as alarming—about twice the rate of wages. But adjusting for inflation, the market still has a long way to go before returning to the frothy state of a decade ago.
Most measures of home prices—including the S&P/Case-Shiller Home Price Index, the CoreLogic Home Price Index and the National Association of Realtors existing home sales report—don’t take inflation into account and show prices nearing or surpassing the peak hit in 2006 or early 2007.
