House Prices Still Pretty High Historically

From Barry Ritholtz at Big Picture.  Note the red portion is Steve's projection and not based on actual data.  I think it's a reasonable projection.  House prices nationwide are still too high compared to historical norms.  Of course, things may be different in your neighborhood. I asked Steve to update Shiller’s NYT chart, now that … Continue reading House Prices Still Pretty High Historically

Do House Prices Always Go Up? Real vs Nominal Housing Prices: United States 1890-2010

Visualizing Economics presents a graphic history of housing prices in the U.S. since 1890.  Apparently real estate folks tend to get fooled by inflation.  Note the housing price bubble in 2000-2010 in real terms.  According to this we're just getting back towards normal but not quite there yet. Real vs Nominal Housing Prices: United States … Continue reading Do House Prices Always Go Up? Real vs Nominal Housing Prices: United States 1890-2010

House Prices Resume Falling

The fall in house prices appears to have resumed.  Remember the collapse of the house-price bubble in 2006-7 was what largely triggered (triggered, but not the only cause) the Great Recession and the Great Non-Recovery.  Late last year and earlier this year it looked as if the home-buyer credit and record low mortgage rates had … Continue reading House Prices Resume Falling