5 ms·
I don’t see the evidence that most of the country hasn’t recovered in real estate prices. It seems like the median price is well above what it was at its peak b
by ilikehurdles 7y ago
I don’t see the evidence that most of the country hasn’t recovered in real estate prices. It seems like the median price is well above what it was at its peak before 2008.
- refurb 7y agoLook at the Case-Shiller city indexes. Cities like Chicago, Las Vegas, others, are close to their 2008 peak, but haven't yet surpassed it.
- jefftk 7y agoNational looks up to me: https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA
- refurb 7y agoThat’s because places like the Bay Area are skewing it up.
- mktmkr 7y agoA return to 2007 housing prices would be something that would cause the next recession, rather than an indicator that it's not coming. Housing _construction_ drives the economy, while housing _appreciation_ kills it.