Relative to this morning’s post on RE, have a look at these charts (via JP Morgan) — none of suggest anything other than more work to be done in the RE sector.


Source: BLS, FactSet, J.P. Morgan Asset Management.
Data reflect most recently available as of 6/30/11.

Category: Digital Media, Economy, Real Estate

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3 Responses to “The Aftermath of the Housing Bubble”

  1. machinehead says:

    none of [these charts] suggest anything other than more work to be done in the RE sector.

    Eh? The affordability chart (mortgage pmt. vs. income) looks to be near a record low.

  2. rktbrkr says:

    record low since 75

    looks like about 12-13% of household inc compared to almost 40% in early 80s OUCH, howdeydodat?

    home equity is down 55% from peak to 1Q11, a couple more down years and the walkaways will be unfathomable

  3. philipat says:

    We have now reverted to the Case Schiller mean. However, simple math requires that prices overshoot he mean on the downside IF the same mean is to remain in place, other wise a new higher mean will prevail. I doubt the latter so believe there is still another 10-15% to run to the downside.