Red: the unemployment rate
Blue/green: inflation-adjusted house prices
Source: Calculated Risk.
Sunday, June 21, 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.
what is this supposed to be revealing to us?
ReplyDeleteThat in the last 2 high unemployment cycles peak unemployment was approximately coincident with housing price bottoms. but its clearly not a very robust relationship. check the link to CR, he has a more retailed explanation.
ReplyDeleteDoes anyone know if the peaks and valleys for DC proper roughly coincide with the DC MSA?
ReplyDeleteUnemployment rate is the absolute indicator of market sentiment.
ReplyDelete