The increase in property prices in the USA is astounding when compared with the almost non-existant increase in median income.
The USA median income data comes from Wikipedia.
The USA home price data comes from the Standard and Poor CSI index. The red curve (composite 20) is for 20 large metropolitan areas, while the blue curve (composite) is for the following 10 metropolitan areas
See the S&P Metro Area FAQ for details.
The graph from the Wikipedia page on the United States housing bubble is really scary. If the current bubble follows the same trend as the correction that took place in the 80s and 90s, there is still a long way to go before the market bottoms out.
Aug 31, 2007
Subscribe to:
Post Comments (Atom)

0 comments:
Post a Comment