Wednesday, January 6, 2010

Home Prices - Good Data (from a realtor, my Lord now I have seen everything)

I thought these charts were really good.  See if you can find some like this for your area and post 'em up.

Hawaii is of course, not well correlated to the mainland US.  

Summary--Prices have dropped a little.  Tax break is definitely a shot in the arm, using up inventory.  No one new is listing their place though....either they are so far underwater they CANNOT TAKE the loss, or they are so greedy they think prices may rocket up on demand. 

Reversion beyond the mean implies LOTS of pain left.

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Insightful and Useful Comment!