Sunday, March 29, 2009

Supply and Demand in Action, Part II


3 Comments:

At 3/29/2009 10:42 AM, Blogger misterjosh said...

Now if prices start inching back up, I may never actually go underwater on my Mesa, AZ house. I'm just glad I bought in Feb 2003, and not a year or two later.

 
At 3/29/2009 7:08 PM, Anonymous Anonymous said...

On an inflation adjusted basis, homes prices have fallen 33% from the peak in 2005. The below chart shows single family home prices are now back in a range that existed from the late 1970s into the mid-1990s.

Chart of the Day notes, "...a home buyer who bought the median priced single-family home at the 1979 peak has actually seen that home lose value (1.6% loss). Not an impressive performance considering that nearly three decades have passed."

http://seekingalpha.com/article/128305-home-prices-from-the-70s-a-good-investment?source=feed

 
At 3/31/2009 10:38 AM, Blogger Ben Eng said...

In today's headlines U.S. January home prices drop record 19 percent the media continues to scream "the price is falling, the price is falling!"

 

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