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.
Monday, October 13, 2008
U.S. House Prices, 1975-2008
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.
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?
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?
ReplyDelete