Thursday, September 4, 2008
Interesting article on house prices.
Shows average pricing related to "Owners Equivalent to Rent":
The graph to the right shows housing prices currently related to their prices in the past, and "standard deviation" to prices historically, depending on the time frame.
U.S. House Price Decline Could Be Worse than Great Depression, Economist Shiller Says
Update 9/5/08: To the left is an updated chart from Business week of ARM resets, notice due to changing financial conditions, the curve accelerated and flattened.