The chart, below, comes from The "Housing Recovery" In One Index. The chart's publication is coincident with the National Foreclosure Fraud Settlement, which will ultimately have little impact on housing. See also Robert Shiller's A Bottom? What Are They Thinking? And Robert Reich lays out the crush housing is having on the middle class.
All of this is coincident with the release of the latest Case Shiller Home Price Index, which shows all 3 indexes at new post-Bubble lows. Click on image for larger version.
A Charlottesville/Albemarle Area RE Blog tracking the market's Boom Bubble Bust Bounce, from 2008 to 2013. The second half of 2010 saw a steep downward spiral in sales; 2011 saw sales volume at 13 yr lo with prices dropping each Quarter. 2012 began with even lower prices which resulted in an uptick in Y/Y sales, and mid-2012 saw "Carpe Diem" trumping "Caveat Emptor." 2013: Booming. Are we a "Protected Market" once again? Time will tell. * Check out the microblogging on Twitter: @CvilleBubble *
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment