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

VIDEO: Soak the rich! Oops.

I haven't posted anything in a while because I don't think anyone really reads my blog but myself. But I was reading back some of my old posts from 2008 and 2009 and found them very informative. :) I found a lot of facts, events, stats, graphs, and videos that I had completely forgot about. So, if nothing more than to catalog my thoughts so I can review them again in the future, I'm going to try to start posting to my blog again.

First up, I have to post a video from back in March by Bill Whittle, who demonstrates how bankrupt the idea is that if we'd just soak the rich, we'd have plenty of money for the government. Enjoy.