The Case Shiller home price index since August 2000. Rocky rode, but up ~36% (3.1% annualized) since August 2000. To put that in perspective, that compares to a 25% increase (2.3% annualized) in CPI.
Source: S&P
Tuesday, October 26, 2010
Housing Rebound Stalls
Source: S&P
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People look at me like I am crazy when I say home prices could be the same in 10 years that they are today. Overshoot to the upside often means overshoot to the downside or a long time of going sideways.
ReplyDeleteagreed
ReplyDeletePerhaps I'm missing something, but what do the gold bars add to this chart?
ReplyDeletethe initial chart (that i was going to post) had levels vs. YoY change. in that case it made sense to show both. the final chart... not so much
ReplyDelete