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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
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The Bubble Meter Philosophy
The best way to get the housing market thriving again is to drop prices to the point where supply equals demand. Home sellers might not like it, but it's good for buyers and it's great for Realtors.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
For Realtors, the best way to make more money is to sell houses quickly, and the best way to sell houses quickly is to convince the seller to drop the price.
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Housing Prices Since 1970
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When will inflation-adjusted DC-area housing prices return to pre-bubble levels?
Are housing prices about to experience a double-dip?
How should the U.S. government balance the budget? (Check all that apply.)
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What sparked the housing bubble?
Is the recession over?
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Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2008
(518)
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July
(48)
- Glenn Beck Mocks the Realtors' Chief Economists
- Top Economic Issue: Home Prices or Gas Prices?
- The State as Mortgage Lender
- Case Shiller Index Way Down; Washington, DC Area ...
- Chicago Real Estate Prices
- Flashback 2005: Neil Barsky Asks "What Housing Bub...
- Flashback 2005: Was It a Boom or Bubble?
- Private Residential Fixed Investment Over the Past...
- Are You Fed Up? Are you Against the Housing Bailout?
- Short Sale in Silver Spring, MD: 30% Real Dollar D...
- The Unnoticed Foreclosure Victims: Renters
- New England Real Estate Prices
- Dean Baker's View of the Housing Bubble
- Oil market outlook
- Robert Shiller on Bubble Thinking
- Flashback 2005: Ken Fisher Says He's Confident The...
- Krugman on the Housing Bubble
- A cure for America's economic weakness
- Home Prices Compared to Residential Investment
- IndyMac investigated for fraud by FBI
- Florida Real Estate Prices
- Treasury seeking a "backstop" for Fannie and Fredd...
- The Bursting Housing Bubble is Causing Homeowners ...
- Will The FDIC Need to be Bailed Out?
- Graph: Bank Failures Per Year
- Financial meltdown quote of the day
- Fannie and Freddie Bailout in the Works. Sharehold...
- Oil Bubble?
- The Decline of a Subprime Mortgage Hedge Fund
- Investors Run from Fannie Mae and Freddie Mac
- Government Preparing for Possible Fannie Mae or Fr...
- Bank of America CEO Discusses Countrywide Financial
- Bank Of America Credit Card Cancelled Due their Pu...
- Wikipedia Article Needed for Lawrence Yun
- Northern California Real Estate Prices
- Dean Baker's Recommendations to Congress Regarding...
- Bubble Sphere Roundup
- Flashback 2005: Carl Steidtmann Called the Housing...
- Housing Bailout Again Under Consideration This Week
- A New Realtor Sales Pitch
- A Graph of Gas Prices Since 1919
- Money Magazine Home Price Forecasts
- How Congress Should Address the Foreclosure Crisis
- More News on Countrywide Financial
- U.S. Senate Candidate Mark Warner Opposes Affordab...
- Angelo Mozilo Leaves Countrywide Today
- Worst Recession Since World War II?
- Southern California Real Estate Prices
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July
(48)
looks like Maine and R.I. are the places to buy!
ReplyDeleteThe other way around - Boston has had the least increase in prices after adjusting for inflation.
ReplyDeleteQuote: The other way around - Boston has had the least increase in prices after adjusting for inflation.
ReplyDeleteBoston still has a little further to fall in nominal terms and a good bit further to fall in real terms, if you go by prices on the futures market. They are currently pricing in a nominal bottom in 2010 Q1 with a flat-line thereafter, which will continue to be a decline in real terms. The volume on S&P/Case-Shiller futures is pretty low, so it may not be a terribly accurate forecast, but I'd still consider it far better than forecasts from The NAR, et al.
I think there's an error in you analysis. The inflation adjusted prices should be lower than the nominal prices, not higher.
ReplyDeleteI think there's an error in you analysis. The inflation adjusted prices should be lower than the nominal prices, not higher.
ReplyDeleteThat depends on what year you are using as the baseline for the dollar. The charts above are apparently adjusted to be in current dollars, so it is correct that the inflation adjusted values are higher. You need more than $1 today to buy what would have cost $1 in 1997 (for example).
Any chance you have this for SE NH?
ReplyDeleteGreg Goss said...
ReplyDelete"Any chance you have this for SE NH?"
Rockingham and Strafford Counties in NH are counted as part of the Boston metro area by the U.S. government, so the Boston graph includes them. However, I don't have data specifically for any part of New Hampshire. Sorry.