Saturday, August 20, 2011

Housing Market Graph Update

Hat tip: JP's Real Estate Charts

It looks like we are finally back to about where the market should have been by now based on historical real estate values. However, with the glut of foreclosures on the market or soon to be on the market, and the excess supply of housing that must be soaked up, the market could drop further or it could take several years before the market starts heading back up again.

See my previous posts on the mortgage collapse/correction:
  • Oct 4, 2008 Where is the defense of free markets?!
  • Nov 21, 2008 Deregulation vs. Fannie & Freddie
  • Feb 21, 2009 Housing Price Decline Not Done Yet
  • Feb 21, 2009 Sowell: Housing Crisis Caused By Government
  • Mar 25, 2009 Obama puts troublemaker in charge
  • Feb 13, 2010 2 Graphs: Jobs and Housing prices
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