Friday, April 29, 2011

Map of the U.S. Housing Bubble: Virginia in Top Tier For Soaring Prices 2000-2006

Awesome map via The Big Picture.  Notice how Virginia, in the left map, is in the top 5 for run-up in prices.  But in the right purply map, Virginia prices haven't fallen as fast.  Downstate (outside NOVA) the correction lags by 18+ months.  The Charlottesville Area bubble correction gathered downward, more rapid momentum on expiration of the Fed Homebuyer Tax Cred April 30, 2010.

And since then, prices have continued to fall and continue the downward march toward the early part of this decade.

Click for larger image in new window.

2 comments:

Artnesten said...

Do you have an RSS feed? I don't seem to see a link.
Cheers,
Art

Artnesten said...

Never mind, I got it!