Here is an updated version of my U.S. house price graph. The red line shows real house prices. The blue line shows nominal house prices.
Monday, October 13, 2008
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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.
So why don't I ever hear the media highlight the fact that housing is now becoming more affordable in the US during the last 2 years?
ReplyDelete/DaveB
If you extend the graph and "correct" the bubble to a steady rate of healthy growth, it looks like the bottom is somewhere in 2010. Still too early to prospect?
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