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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
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Thursday, September 4, 2008

House Prices

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.

Update: 9/5/08
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.

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