Tuesday, April 24, 2012

Housing Prices In US Are Back To Where They Were Ten Years Ago


This graph speaks for itself. The rate of decline has decreased but they continue to fall. Prices are back to where they were a decade ago.

Note that price growth was relatively flat prior to their rapid rise during the boom in the financialization of the economy. This may mean that they will remain flat for some time after they reach the trough.

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