The deal? Home prices are SURGING (except in Vegas).
But, we need to put that SURGE in perspective.
Source: S&P
Tuesday, October 27, 2009
Case Shiller Surge in Perspective
Following my post about existing homes (the homes that are selling are lower-end), below is some detail of the most recent Case Shiller home price index release.
The deal? Home prices are SURGING (except in Vegas).
But, we need to put that SURGE in perspective.
Source: S&P
The deal? Home prices are SURGING (except in Vegas).
But, we need to put that SURGE in perspective.
Source: S&P
Jake,
ReplyDeleteI can't "buy" into the housing bottom meme. Aggregate private income is lower today than it was almost 3 years ago.
Forget "show me the money" (the fed is doing lots of that). Show me the income!
I think that a chart showing investment buying vs home buyer will show that the increase is by investor.
ReplyDeleteLook into the profit to provide rentals for all the displaced.
Having money parked or reduced losses from stocks.