Note the following:
1.) Prices increased for 15 years.
2.) Prices have been in negative year over year territory for two years now -- and the rate of decline is increasing.
Let's say it again -- we're nowhere near a bottom in housing.
Wednesday, January 28, 2009
A Note On Home Prices
Click for a larger image. Graph is from Calculated Risk
Note the following:
1.) Prices increased for 15 years.
2.) Prices have been in negative year over year territory for two years now -- and the rate of decline is increasing.
Let's say it again -- we're nowhere near a bottom in housing.
Note the following:
1.) Prices increased for 15 years.
2.) Prices have been in negative year over year territory for two years now -- and the rate of decline is increasing.
Let's say it again -- we're nowhere near a bottom in housing.
