## Figure 3.1.1. Real House Prices in 40 Largest US Cities by Population

## Source details

**Canonical URL:** [Figure 3.1.1. Real House Prices in 40 Largest US Cities by Population](https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/pdf/boxfigure3-1-1.pdf)

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### Data and axes
- Median real house price: log of 2010 US dollars; vertical axis range shown as 12.0, 12.2, 12.4, 12.6, 12.8.
- Dispersion measure (right scale): Ratio of 90th percentile to 10th percentile; scale shown as 3, 4, 5, 6, 7.
- Time coverage: January 1996 to January 2017 with labeled ticks Jan. 1996, Jan. 1999, Jan. 2002, Jan. 2005, Jan. 2008, Jan. 2011, Jan. 2014, Jan. 2017.
- Sources: US Census Bureau; Zillow Group; and IMF staff calculations.

### Key observations depicted
- Median real house prices are plotted on a log scale with values spanning the axis marks 12.0 through 12.8 (log of 2010 US dollars).
- Cross-city dispersion of real house prices is reported as the ratio of the 90th percentile to the 10th percentile, on a scale running from 3 to 7.
- The figure presents concurrent evolution of median real house prices and their cross-city dispersion for the 40 largest US cities by population over the period Jan. 1996–Jan. 2017.

*Source: IMF staff calculations using US Census Bureau and Zillow Group data.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/chapter-3/pdf/boxfigure3-1-1.pdf_