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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.
My Other Blog
Housing Prices Since 1970
National Housing Sites
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- Bay Area Real Estate Blog
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- Irvine Housing Blog
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- Patrick.net (San Francisco)
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- Sacramento Land(ing) Blog
- Seattle Bubble
- SoCal Real Estate Bubble Blog
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Iacono Research (ad)
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.)
What is your political affiliation?
What sparked the housing bubble?
Is the recession over?
Who bears responsibility for the housing bubble? (Check all that apply.)
What is your living situation?
Was subprime lending a cause or an effect of the housing bubble?
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Bubble Meter Archive
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2009
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December
(29)
- Case Shiller Price Index - October 2009
- Get to know your blogger
- Updated housing bubble graph
- David Lereah Launches New Real Estate Blog
- Merry Christmas
- Bernanke criticized for ignoring housing bubble
- NAHB: Senate health care bill targets home builders
- Home prices falling again?
- Links
- Bearish housing predictions
- Question for readers
- Citigroup: No foreclosures during the holidays
- Ginnie Mae is an enabler of risky lending
- CNBC: The Bubble Decade
- The ethics of stiffing the bank
- Prof. Karl Case retires
- Foreclosure filings up 18% YoY; down 8% MoM
- FHA: Helping the affluent buy housing
- Housing: Canada vs. the United States
- November 2009 job losses: BLS vs. ADP
- Thoughts on "too big to fail"
- More bubbles to come
- Bargain book about the financial crisis
- The unemployment rate declines!
- 2010 housing predictions
- ADP: November 2009 job losses
- Home sales contracts up in October
- Law professor: Walk away
- WTF?
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December
(29)
So does the graph indicate that national housing median price is within 10% of its pre-bubble value?
ReplyDeleteWho knows. However it DOES indicate one thing.....
ReplyDeleteAll those billions upon billions of stimulus dollars brought houses up only $5K-$10K on average.
Where did all the money go other to the former owner of Countrywide? Was it that extreme of a transfer of wealth?
ReplyDeleteAnonymous said...
ReplyDeleteSo 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.
Thanks for the great analysis!
ReplyDeleteI 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.