Source: Bespoke Investment Group

 

 

I love these two charts – they are so instructive in so many ways. They really invite closer study as to why some cities have recovered so strongly, and why others have failed to.

The first 4 cities in the % from Bubble peaks are Las Vegas, Phoenix, Miami, and Tampa. These cities saw huge booms in housing but without a proportional accompaniment increase in economic activity. Especially in terms of the jobs creation that would allow people to pay those cheap mortgages which supported those elevated prices.

Continues here

 

Category: Data Analysis, Real Estate

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Post Peak, Post Bottom CS Housing Numbers”

  1. scone says:

    The market is definitely hotting up here in southern New Hampshire. I’m running two renovation jobs now, and I’m having a much harder time finding people to work. Heck I can’t even get people to return my phone calls. I suspect I’m being outbid. It feels like 2006 all over again.

    • LeftCoastIndependent says:

      Scone,, same on the Left Coast. Trouble is a lot of skilled contractors went bankrupt and “gave it up” in 2008 and now there is a shortage of workers. But I would like to know where Case-Shiller get their numbers from. I can tell you for a first hand fact that the hit in Portland was more like 30%, not 13%, but the return up is accurate at 26%. We haven’t hit the all time high yet, but getting there.

  2. VennData says:

    When you get lower percentage of households owning, you will have much lower inventory for sale too. And that is what’s happening, lower inventories.

    When will Holman Jenkins and the the WSJ admit they were wrong about their ridiculous editorials about bulldozing all the empty houses in America, among others?

    I guess Rupert Murdoch’s WSJ doesn’t care about being accountable.

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