Match the observation periods
Housing values and asset prices use the same calendar month, quarter or year before either series is compared.
Like-for-like datesGrowth comparison
How has home value growth compared with investment assets?
Each comparison aligns the local housing measure with an asset over the same periods. Both series start at 100 at the first shared observation, making their subsequent growth directly comparable.
- 7-city launch roster
- Aligned observations
- Indexed to 100
- Shared published history
US · United States
New York
New York City. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →US · United StatesSan Francisco
San Francisco city. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →US · United StatesLos Angeles
Los Angeles city. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →US · United StatesMiami
Miami city. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →UK · United KingdomLondon
Greater London. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →EU · FranceParis
Paris municipality. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →EU · GermanyFrankfurt
Frankfurt am Main. Compare the published home-value series with QQQ, SPY, GLD, Bitcoin and other assets.
Compare growth →One shared starting point, two growth paths
Set both series to 100
Each value is divided by its first shared observation in the selected range and multiplied by 100.
Relative growth, not price levels03
Frequently asked questions
8 answersWhy do both growth lines start at 100?
Indexing both series to 100 at their first shared observation makes their percentage growth directly comparable even though their original price levels and currencies differ.
What does the growth gap measure?
The gap is home growth minus asset growth over the selected range. A positive gap means the home-value series grew faster; a negative gap means the asset grew faster.
Does the chart compare investment returns?
No. It compares changes in published home values with changes in the selected asset’s price. It excludes income, dividends, transaction costs, financing, maintenance, and taxes.
Which observations enter the growth comparison?
Only periods containing both a published housing value and a valid asset price are used. The two series are aligned by calendar period before either is indexed to 100.
What can the chart show—and what can it not show?
It shows how two published price series changed over the same period. It does not establish that one caused the other, measure housing affordability, or forecast either series.
Can the latest observation change?
Yes. Housing data can be revised and recent periods can be provisional. The detail page reports the applicable source, data-through date, and revision policy.
Why can the result change when I select a different range?
Each range resets both series to 100 at its first shared observation. Changing that starting point changes the base period and can materially change the measured growth gap.
Why does the housing series often look smoother than the asset series?
Housing measures are usually monthly or quarterly estimates built from transactions, valuations, or models. Market prices update more frequently and can react faster, even though this chart aligns both series to the housing frequency.