Comments on: Updated: Case-Shiller 100-Year Chart

By: Chart Junkie: A Picture's Worth ... 7.3.09 | Wall St. Cheat Sheet

Chart Junkie: A Picture's Worth ... 7.3.09 | Wall St. Cheat Sheet — Fri, 03 Jul 2009 18:53:40 +0000

[...] someone say, “Reversion to the mean”? (Source: The Big Picture) Barron's Confidence [...]

By: jimperm

jimperm — Fri, 03 Jul 2009 15:44:47 +0000

It seems like most people want to see home prices rise. How far will home prices fall before bottoming? Very simple. Look at the median on Schiller’s chart. When you have a long term chart and prices of something falls, the price will normally fall till it is as far BELOW the median as it was ABOVE the median. If/when this holds true, we will see home prices fall way below any place on the chart. Stabilize? No. It won’t happen. Will we fall straight down? Not usually. There will be updrafts for whatever reason. The general trend will be down for many years until we offset the rise above the median. Bottom line. Housing prices will fall way more than ANYONE would like to believe. Sometime in the future, housing will be cheaper than ANYTIME in recorded history. This is simply nature. Nature has a way of balancing things out.

By: B. Madoff

B. Madoff — Thu, 02 Jul 2009 16:44:24 +0000

It seems to me that for one to do an apples to apples comparison one should look at cost per square foot of both the house and the lot from 1900-2009. Or just the house if the lot size is the same.

By: Jim Giles

Jim Giles — Thu, 02 Jul 2009 10:56:51 +0000

If someone bought a home for $200,000 in February of this year in a suburb of Jackson, MS what does Steve’s projection say about what the home value will be when home prices return to those 1950’s levels?

Why aren’t more ‘booms/bubbles’ possible instead of a return to those 1950 levels?

What will home owners do who have all that negative equity?

Has Professor Shiller responded to Steve’s updated projection?

By: 119 Years of Housing Prices · Waking Ideas

119 Years of Housing Prices · Waking Ideas — Wed, 01 Jul 2009 21:29:09 +0000

[...] of Barry Rithholtz’s readers created a chart of the past 100 years of housing prices adjusted for inflation and using the prices in 1890 as the baseline 100 [...]

By: TheTradingReport » Blog Archive » The Housing Chart Worth 1000 Words, UPDATED

Wed, 01 Jul 2009 21:14:53 +0000

[...] Barry Ritholtz’s reader Steve Barry has updated the New York Times chart of Case Shiller housing prices to account for the latest data (Apr…. [...]

By: Transor Z

Transor Z — Wed, 01 Jul 2009 20:22:38 +0000

Damn sunglasses face. Page 8

By: Transor Z

Transor Z — Wed, 01 Jul 2009 20:22:17 +0000

Hey Barry,

According to the NY Fed:
http://newyorkfed.org/research/epr/forthcoming/0906haug.pdf

Average FICO score of sub-prime borrowers under water is slightly higher than sub-prime mortgage borrowers with equity. (see Table 4 on Page

That’s wild.

By: Transor Z

Transor Z — Wed, 01 Jul 2009 19:22:11 +0000

May private residential construction spending was down 34% YoY.

By: I-Man

I-Man — Wed, 01 Jul 2009 18:31:04 +0000

Oh… the OBX… I miss that place so much. We used to go there for our beach vacation every year.

I love me some SE VA.

They dont like revolutionary white rastas there though… so I had to bounce to the Pacific NW.