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.
Sunday, June 21, 2009
Real housing prices vs. the unemployment rate
Red: the unemployment rate Blue/green: inflation-adjusted house prices
That 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.
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