Thursday, December 29, 2011

Chart: A History of Home Values - Updated

The chart below is by Yale Economist Robert Shiller of the eponymous monthly Case-Shiller Home Price Index (most recent--yikes).  We last posted it in August, 2010.  Now it appears in The Atlantic Monthly in an article about Americans' savings strategies.  The article points out that by historical standards 1) houses still  remain overvalued; and 2) homes are no longer a way to "force savings" as values continue to decline.  Click on image for larger version.

The NAR Misled American Consumers, Congress, and the Media By Inflating Home Sales 
The Growing MERS Scandal: Undermining American Property Rights, Transferring Wealth to Big Banks

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