Posted by: jhamon | August 1, 2009

Housing Bottom? Not So Fast, Gonzales…

Rich Toscano, one of my favorite uberNerds, offers a unique perspective on the summer housing “rally.”  For those excited to think that the “all clear” has been sounded in housing, consider this chart:

Multiple Summer "Rallies" During the 90s RE Debacle

Multiple Summer "Rallies" During the 90s RE Debacle

Take a look at the entire piece, which is here.  But the other stunner is his comparison of price erosion in that cycle as compared to this one.  A picture is worth a thousand words, at least.
The Present Bust Compared to the 90s

No Comfort: The Present Bust Compared To The 90s

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Responses

  1. […] But when it comes to data, I just present things the way they are: I can only always work with the truth, no matter how unpleasant.  And unfortunately, the truth really is unpleasant these days, no matter how badly people want to paint a happy face on a transient summer bounce in real estate…. […]


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