Capitalytics

**Regression for Home Price Index**

	Dependent variable (+/- SE):

	Home Price Index

Constant	3.517 (+/- 17.526)
	p = 0.843
SP500 Stock Price Index	0.027 (+/- 0.001)
	p = 0.000^***
US Fed Reserve O-N Loan Rate	-31.050 (+/- 7.682)
	p = 0.0004^***
Moody's BAA Curve	21.278 (+/- 4.332)
	p = 0.00004^***
Nominal GDP growth	-0.760 (+/- 0.184)
	p = 0.0003^***
Real disposable income growth	-6.967 (+/- 1.074)
	p = 0.00000^***
Nominal disposable income growth	6.727 (+/- 1.015)
	p = 0.00000^***
Prime Rate	12.019 (+/- 2.866)
	p = 0.0003^***
7-year Treasury Yield	-39.258 (+/- 8.654)
	p = 0.0001^***
LN_7-year Treasury Yield	71.282 (+/- 18.582)
	p = 0.001^***
6-month Treasury Yield	39.499 (+/- 7.236)
	p = 0.00001^***
LN_3-year Treasury Yield	-35.467 (+/- 7.199)
	p = 0.00004^***

Observations	40
R²	0.993
Adjusted R²	0.991
Residual Std. Error	5.126 (df = 28)
F Statistic	380.397^*** (df = 11; 28)

Note:	^p<0.1; ^p<0.05; ^**p<0.01