A chart using data from Prof. Robert Shiller regarding U.S. housing prices. Note how the inflation-adjusted home price operated a ceiling of $150,000. Then came the bubble. I wouldn't count on housing to stabilize until that price drops below $150,ooo and probably well below that.
Monday, March 2, 2009
American Housing Prices
A chart using data from Prof. Robert Shiller regarding U.S. housing prices. Note how the inflation-adjusted home price operated a ceiling of $150,000. Then came the bubble. I wouldn't count on housing to stabilize until that price drops below $150,ooo and probably well below that.
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