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U.S. Housing Cycle Nears Peak as Property Appreciation Slows

For comparison, at the peak of the last housing cycle, prices were 31 percent above their long-term pricing trend. Johnson鈥檚 BH&J Index was nearing a score of 1 (the highest possible score) in the summer of 2006, indicating extreme downward pressure on the demand for home ownership. Today, that score stands at .039.

For comparison, at the peak of the last housing cycle, prices were 31 percent above their long-term pricing t