My United States housing graph, updated for Q1, 2009:
Sunday, May 31, 2009
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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.
Note that at the current rate of decline, within a year or so we will be back to where real prices were not just in 2001 or 2000, but all the way back to the late 1970's.
ReplyDeleteAre these median sales prices?
ReplyDeleteI love this blog. I wish I had known about it before I wrote my book, "Maestro, My Ass!" (available in the usual online places). It would have been a great footnote. (Of course, I wrote in 2003-2004, so I guess it wasn't here yet, but still).
ReplyDeleteCongrats on four great years.
Neville,
ReplyDeleteI truly want to believe this. Im still waiting for prices to drop to half of what they were in 2006 here in montgomery county.
I truly admire your excellent work. You have save me a fortune from my inability to think clearly in real terms.
ReplyDeleteThank you!
This is a very interesting chart. It keeps on going down. Buyers are waiting for the prices to reach the desired budget. Thanks for showing this chart to us. It’s really very helpful.
ReplyDelete