Sunday, March 29, 2009

Supply and Demand in Action, Part II


4 Comments:

At 3/29/2009 9:49 AM, Blogger Semper Ratio said...

With this post, as well as those from other states showing the same results, it would be interesting to know the data about the mortgages, i.e., though home affordability, as you have pointed it, has reached the best levels ever, are the mortgages for these better, safer products with more sound lending practices being implemented? Just curious. Good to see markets in action though.

 
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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