According to The Kobeissi Letter, it now takes just 121 ounces of gold to purchase the median-priced new single-family home in the United States—the lowest ratio in 12 years. This sharp decrease from approximately 280 ounces in Q4 2022 signals a significant outperformance of gold against U.S. real estate prices. For traders, this trend highlights gold’s strengthening purchasing power and suggests a potential rebalancing opportunity between gold and property assets. Historical data shows that in previous cycles, such low gold-to-home ratios have often preceded shifts in asset allocation and market sentiment (source: The Kobeissi Letter, April 28, 2025).

According to The Kobeissi Letter, US all-cash home purchases declined by 60,469 in 2024, reaching 700,445, which is the lowest level in at least a decade. Despite this decline, the share of all-cash home purchases remained relatively high at 33%, indicating that while the number of transactions decreased, the proportion of cash transactions compared to total home purchases is still significant. This trend could impact real estate market liquidity and influence investment strategies in the housing sector.