Saturday, December 26, 2009

Updated housing bubble graph

For those who are interested, I have finally gotten around to updating my housing bubble graphs. The national graph now has a new feature: pre-bubble trend lines.

Click on the graph to view the full-sized version.

5 comments:

  1. So does the graph indicate that national housing median price is within 10% of its pre-bubble value?

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  2. Who knows. However it DOES indicate one thing.....

    All those billions upon billions of stimulus dollars brought houses up only $5K-$10K on average.

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  3. Where did all the money go other to the former owner of Countrywide? Was it that extreme of a transfer of wealth?

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  4. Anonymous said...
    So does the graph indicate that national housing median price is within 10% of its pre-bubble value?

    Check out the regional graphs. For example, Phoenix is way below the trend line.

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  5. Thanks for the great analysis!

    I have one suggestion: For the inflation adjusted prices it would be clearer to discount to 1970 dollars. Otherwise, people who don't understand what you've done may erroneously draw conclusions from the fact that the trend lines are converging. In fact, that's just an artifact of putting the inflation adjustment in today's dollars.

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